Lincoln may support extending tax cuts for the wealthy in light of 'circumstances'

Sen. Blanche Lincoln (D-Ark.) Friday signaled she is open to extending Bush administration tax cuts beyond the middle-class incentives President Obama and congressional Democratic leaders are seeking.



Lincoln — one of the most endangered Democratic incumbents in the Nov. 2 midterm election —said she may support extending tax cuts set to expire at the end of the year for those making as much as $1 million annually.



"I don't think we should have to say that we're either going to extend the Bush tax cuts or we're going to take on the Obama tax cuts," Lincoln told The Associated Press and other reporters. "I think, as a Congress, it's our responsibility to look at the economic circumstances that exist and what the opportunities are to make sure it fits the needs of what we have today."



Obama and Democratic leaders have said that after the November elections they want to extend tax cuts for individuals making less than $200,000 and married couples making less than $250,000 annually.



During a speech Friday to the Pulaski County Bar Association, Lincoln said it was reasonable to extend the tax cuts to those making between $250,000 and $1 million and that any tax cuts beyond that would have to be paid for in the budget, according to AP. 



Lincoln’s Republican challenger — Rep. John Boozman — supports fully extending the Bush tax cuts for everyone and has argued that limiting the tax cuts to the middle class would hurt small businesses. 



Most polls show Boozman as a strong favorite to win the seat. 



A Rasmussen Reports poll released Oct. 4 had Boozman ahead by nearly 20 points, 55 percent to 37 percent. 

Former President Clinton has been trying to give Lincoln a boost and is planning to campaign again for her next Wednesday, according to Politics Daily.