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Conservative GOP Rep. Cole backs quick deal with Obama on tax rates instead of impasse

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(AP)

The first cracks are developing among Republicans over whether to accept a quick deal with President Barack Obama on allowing the top two income tax rates to expire, even as an administration official said the White House was stepping up behind-the-scenes negotiations.

Conservative Oklahoma GOP Rep. Tom Cole told GOP colleagues in a private meeting Tuesday that it’s better to make sure that tax cuts for the 98 percent of taxpayers who make less than $200,000 or $250,000 a year are extended than to battle it out with Obama and risk increasing taxes on everyone.

See on www.washingtonpost.com

3 thoughts on “Conservative GOP Rep. Cole backs quick deal with Obama on tax rates instead of impasse

  1. dear rep cole u did the right thing , siding with the president it is the right thing to do .the rich do not need a tax cut. the 98percent of are the real job creators.

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