Senator Chuck Schumer is quoted in today's New York Times as being willing to accept a tax plan that leaves the top rate rate at 35% (the Bush rate) rather than reverting to the Clinton rate of 39.6%. This is an outrageously insulting position, and Schumer should hear this loud and clear via his Senate email.
His position directly contradicts the position hammered away at by President Obama during the campaign, and backed by over 60% of the American people: the Bush tax cuts for the middle class should be extended, but the cuts for the wealthy should be allowed by expire.
So why is Schumer offering otherwise? I don't know, but I do know what it looks like: he's coming off like a tool of his big-bucks Wall Street donors.
Do the right thing, Senator (and we both know what the right thing is; we both know, beyond any doubt, that the Bush tax cuts are nothing so much as a huge boondoggle for the well-off).
Three days after Obama's re-election, Senator Schumer has chosen to undercut one of the president's major, most popular positions. That's chutzpah, Senator (and coming from Brooklyn, Schumer knows exactly what chutzpah means).