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If mr. Obama and the democrats get their way, doing a deal to raise those rates where all bush cuts on all tax brackets expire at the end of the year. That is something that gives president obama a lot of clout right now. You can agree or disagree with the president s policy. Thats for you to decide. Congressman cole happens to disagree strongly, but at the same time he recognizes the political reality that all tax cuts will expire on january 1st. In my view, we all agree that we are not going to raise taxes on people that make less than 250,000. We should take them out of this discussion right now and continue to fight against any rate increases. Continue to try to work honestly for a much bigger deal. Congressman cole who will join us shortly is a rock rib republican, and is no longer a lone voice in the wilderness. Im quoting now, the fact is that republicans face a new political reality on taxes. President obamas reelection means that taxes for upper income earners are going up one
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