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President Obama mounted a hard sell Tuesday for his proposed tax cut compromise, moving to quell a growing rebellion among congressional Democrats while appealing directly to the American people about the economic urgency of a deal that mostly pleases Republicans.Congressional Democrats have yet to embrace the nearly $900 billion deal, and opposition within the president's own party could force the administration to try to enact the tax cuts package with a bipartisan coalition made up mostly of Republicans.Underscoring the ambivalence, congressional leaders had yet to schedule votes by late Tuesday in either the House or Senate. Lawmakers met behind closed doors into the evening to assess what leverage, if any, they have to alter the proposal.
"It's very troubling for all of us," said Rep. John Larson (D-Conn.), the No. 4 in party leadership. The deal would extend the Bush-era tax cuts across the board, even for the wealthiest earners, which angered liberals.
"I think a ransom was paid and it was a very high price," said Sen. Frank Lautenberg (D-N.J.), among the wealthiest members of Congress. "I don't give a damn about a tax cut. I'd rather have a strong country then to get a few bucks back on my taxes."Obama joined in the criticism of the tax cut for wealthy earners, which would cost $68 billion a year in government revenue. But he said there was no way to prevent it while ensuring that middle class Americans retained their tax cuts and unemployed Americans continued receiving benefits.for more info visit this linkhttp://www.latimes.com/news/nationworld/nation/wire/sc-dc-1208-democrats-taxcuts-20101207,0,7476688.story
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