Kristol Open to Raising Rates on Wealthiest Americans
Weekly Standard Editor Bill Kristol said on Sunday that the Republican Party should stop defending “a bunch of millionaires” and let the Bush-era tax cuts expire for the wealthiest Americans.
“It won't kill the country if we raise taxes a little bit on millionaires,” he said on Fox News Sunday. “It really won't, I don't think. I don't really understand why Republicans don't take Obama's offer to freeze taxes for everyone below $250,000.”
He continued: “Really, the Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic and half of whom live in Hollywood?”
Republicans in Congress have been opposed to raising tax rates on the wealthiest Americans, but said recently that are open to new revenues by closing loopholes.
