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Progressives Will HATE Why Obama Killed Reid’s Tax Plan

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Progressives Will HATE Why Obama Killed Reid’s Tax Plan
"The White House worked closely with liberal House Democrats last week to torpedo a tax deal that Senate Majority Leader Harry Reid (D-­Nev.) was negotiating with Republicans.

The unusual move to kill a Reid­-backed proposal has raised suspicions among Senate negotiators about the White House’s motivations. They believe President Obama’s team is eyeing a broad corporate tax reform deal in 2015, when Republicans will control the Senate and the House.

“It might indicate less about the merits of the package and more about the White House using progressives to kill a deal now in order to pave the way for a deal with Republicans next Congress that progressives will absolutely loathe,” said a senior Senate Democratic aide.

The administration joined forces with the House Democrats with one thing in mind: making sure a possible veto wouldn’t be overturned."* The Young Turks hosts Cenk Uygur and John Iadarola (TYT University) break it down.

*Read more here:
http://thehill.com/homenews/senate/225669-how-the-white-house-torpedoed-reids-tax-deal

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Video Added on : 08 Dec 2014 01:56 am
Video Posted Under : News & Politics Videos

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