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Bush tax cuts: Could liberal Democrats block Obama's compromise?

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J. Scott Applewhite/AP

(Read caption) President Obama makes a statement in Washington Monday on a year-end bipartisan agreement to extend the expiring Bush tax cuts.

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Liberal Democrats aren’t happy that President Obama has agreed to the framework of a deal with congressional Republicans to extend Bush-era tax cuts for ratepayers of all income levels, including the rich.

It’s true that the administration would get something back from this deal that’s important to many Democrats: extension of government aid for the long-term unemployed. But prior to the recent midterm elections Mr. Obama campaigned hard on limiting tax cuts to those making $250,000 a year or less. Some liberals think now that he’s just caving on the tax issue without putting up a fight.

“This is a direct betrayal of a core Obama campaign promise, and the essence of political malpractice and negotiating incompetence,” said Adam Green, co-founder of the Progressive Change Campaign Committee, in a statement.

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