William Katz:  Urgent Agenda

HOME      ABOUT      OUR ARCHIVE      CONTACT 

 

 

 

 

MORE DEM QUESTIONS - AT 7:32 P.M. ET: 

WASHINGTON (AP) -- President Barack Obama's proposal to limit itemized tax deductions for high earners is running into opposition from key Democrats in Congress who worry that charities and the housing market would be hurt.

Senate Finance Committee Chairman Max Baucus questioned Wednesday whether the proposal was viable, a day after his House counterpart also expressed reservations.

COMMENT:  This follow our earlier reports of Democratic discontent.  The more thoughtful Democrats, the ones who actually read bills, own calculators and know how to use them, are raising serious questions.  So far there has been no response from the White House.

March 4, 2009.