Senate Majority Leader Harry ReidHarry ReidIf Gorsuch pick leads to 'crisis,' Dems should look in mirror first Senate confirms Mulvaney to be Trump’s budget chief Democrats declare victory after Puzder bows out MORE (D-Nev.) on Wednesday rejected a Republican request to vote on President Obama’s income tax plan amid defections within his caucus on tax policy.
Reid appeared exasperated by the Republican request to vote on extending the Bush-era tax rates when Democrats would prefer to focus this week on a small-business tax package estimated to create 1 million jobs.
Reid was responding to a request by Senate Minority Leader Mitch McConnellMitch McConnellRepublicans play clean up on Trump's foreign policy Americans brimming with optimism on the economy McCain hopes Americans can be confident GOP-controlled Congress can investigate president MORE (R-Ky.) to vote on Obama’s tax plan, which would extend the Bush tax rates for families earning less than $250,000, alongside a Republican proposal to extend the 2001 and 2003 tax rates for one year.
“The Senate should make itself clear which policy it supports. This is our chance to do it,” said McConnell.
Sen. Orrin HatchOrrin HatchPublic lands dispute costs Utah a major trade show Overnight Tech: GOP chairman to propose high-skilled visa overhaul | Zuckerberg's 5,700 word letter | Tech lobbies gear up ahead of internet fight Overnight Cybersecurity: Trump vows to punish leakers | Cyber steers clear of tech versus Trump fight MORE (Utah), the senior Republican on the Finance Committee, accused Democrats of filibustering the president’s tax plan.
“They are filibustering their own bill. So what does that tell us? Here’s what it tells us. It tells us that the president’s tax increase plan is not just an economic disaster; it is a political loser,” Hatch said.
Senate Democratic leaders are worried about potential defections within their caucus on taxes.
At least seven Democratic senators have declined to rule out supporting a temporary extension of the Bush-era income tax rates.
Several Senate Democrats running for reelection and Democratic Senate candidates have balked at Obama’s proposal to extend income tax rates only for families earning below $250,000.
Sen. Bill NelsonBill NelsonSenate advances Trump's Commerce pick CMS nominee breezes through confirmation hearing Net neutrality fix faces hard sell MORE (D-Fla.) and North Dakota Senate candidate Heidi HeitkampHeidi HeitkampPruitt sworn in as EPA chief EPA breaks Twitter silence to congratulate new head Senate advances Trump's Commerce pick MORE have said the threshold should be $1 million. Former Virginia Gov. Tim KaineTim KaineMattis on rise in Trump administration Senate advances Trump's Commerce pick Steve Mnuchin, foreclosure king, now runs your US Treasury MORE (D), who is running for the Senate, prefers setting it at $500,000.
Sen. Claire McCaskillClaire McCaskillDem senator: I may face 2018 primary from Tea Party-esque progressives Dems ask for hearings on Russian attempts to attack election infrastructure House bill would prevent Trump from lifting Russian sanctions MORE (D-Mo.) has also said she would not rule out extending all of the Bush tax rates temporarily.
Sen. Robert MenendezRobert MenendezSteve Mnuchin, foreclosure king, now runs your US Treasury Senate Dems move to nix Trump's deportation order Senators to Trump: We support additional Iran sanctions MORE (D-N.J.) told NJ Today that he disagrees with Obama’s plan to allow tax rates to increase for families earning over $250,000.
“I mean in New Jersey, if you’re a police sergeant and a schoolteacher husband and wife, $250,000 is not quite the level. So I’d like to raise the level as I’ve advocated for in the past,” he said. “But I think that after we raise the level, keeping it for that middle class universe is what’s important.”