“We agree taxes should not go up for anyone making less than $250,000 a year,” Reid said on the floor Tuesday. “With common ground in sight, we should be able to avoid the fiscal cliff for most Americans.
Reid said he was pleased to see several GOP lawmakers distance themselves from the anti-tax pledge sponsored by Norquist and his group, Americans for Tax Reform.
Sens. Bob CorkerBob CorkerIran and heavy water: Five things to know Trump seeks approval from foreign policy experts, but hits snags The Trail 2016: The establishment comes around MORE (R-Tenn.), Saxby ChamblissSaxby ChamblissWyden hammers CIA chief over Senate spying Cruz is a liability Inside Paul Ryan’s brain trust MORE (R-Ga.) and Lindsey GrahamLindsey GrahamGraham: 'Lucifer may be the only person Trump can beat in a general election' Sunday shows preview: Cruz pulls out all the stops ahead of Indiana Many Republicans uninterested in being Trump’s VP: report MORE (R-S.C.) have all said in recent days that they’d break the pledge they signed that they’d never raise taxes.
“Several Republican lawmakers have said revenue should be on the table,” Reid said. “This is common sense to everyone but Grover Norquist.”
Reid said the election results — President Obama securing a second term and Democrats maintaining control of the Senate — prove the American people support the Democrats' “balanced approach,” which includes revenue.
Lawmakers are working to avoid the "fiscal cliff," which the country will reach at the end of the year when the Bush tax rates expire and sequestration cuts take effect, unless lawmakers act.