McConnell and Reid Clash Over Tax-Relief Offsets

Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) crossed swords again Thursday over tax-relief issues in the Senate, after McConnell offered to endorse offsets to tax-relief proposals and Reid responded that he was "pleased" but did not directly embrace the proposal.

Read the full story about McConnell's proposal at TheHill.com.

Download McConnell's letter here.

Here's Reid's response:

"Under the policies of the Bush Administration and Republicans in Congress, hard-working Americans have seen their incomes decrease while the cost of living continues to rise. They are feeling the squeeze from everything from energy costs, to housing, to health care and education, while Republicans have chosen to side with the President and block any effort to turn this economy around.

While I am pleased that Republicans appear to have abandoned their fiscally-irresponsible ways when it comes to the extenders bill, it is hard to comprehend why Senators McConnell and Grassley would choose to cut programs to help working families, seniors and veterans in need of health care in Kentucky and Iowa in an effort to protect multi-national corporations and hedge fund managers."


-J. Taylor Rushing