◼ "So much for a really good talking point for Democrats in 2012," wrote progressive blogger Joan McCarter on Daily Kos, lamenting the impending death of the Senate Democrats' proposal for a surtax on millionaires. - Hayley Peterson/Washington Examiner
House Republicans have refused to raise taxes on the wealthy and only agreed to extend the payroll tax cut if the administration pays for it through budget cuts. The Republican proposal also mandates construction of the Keystone XL oil pipeline, a project that would run from Canada to Texas and which Obama recently put on hold.
With Republicans unwilling to budge, Senate Democrats met with Obama and then offered Thursday to rescind their proposed millionaire's surtax.
"I just heard that the Democrats have dropped the millionaire surtax for the payroll tax cuts," wrote liberal blogger John Cole. "I never knew the amount of depression and self-loathing that was involved in becoming a Democrat. I honestly think I hate Democrats more now that I am one than I did when I was a Republican."
