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Obama Pushes To Let Bush-Era Tax Cuts Expire

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President Obama is doubling down on his plan to let Bush-era tax cuts expire for the wealthiest people in that nation, but even Democrats in the region say the plan is more about politics than sound policy.

Democrats in Congress often complain they don't hear enough from the President. That wasn't the case last week as Obama picked up the phone and called rank and file lawmakers, trying to amass support for his tax proposal.

Like most Democrats, Rep. Jim Moran (D-Va.) will support the President. But he says the plan isn't going to address the soaring national debt.

"But of course, if both sides were serious we'd just let all of the tax cuts expire, because that's $400 billion a year--$4 trillion over the next decade, and then you reset the budget and there's no need for sequestration," says Moran.

Sen. Ben Cardin (D-Md.) favors the Obama's plan, but he says it's just a short-term fix.

"My hope would be that we could do a broader package that would include not just immediate needs for our recovery, but longer term deficit reductions and a credible plan to deal with the deficit," says Cardin.

The proposal to let the tax cuts expire for the wealthiest Americans is anticipated to come for a vote in the Senate before lawmakers leave for their summer break in August, but it's expected to fail because of opposition from Republicans and moderate Democrats.

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