Senate Dems balk at ending Bush-era tax rates on wealthy without a deficit deal

June 19, 2012, (Written by Alexander Bolton – The Hill).  A growing number of Senate Democrats are signaling they are not prepared to raise taxes on anyone in the weak economy unless Congress approves a grand bargain to reduce the deficit. At least seven Democratic senators have declined to rule out supporting a temporary extension of the Bush-era income tax rates, breaking with party leaders who have called for letting the rates expire for people earning more than $1 million per year.

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