When President Barack Obama first fixed on what he wanted to see happen to the Bush tax cuts, he imagined that they should be extended for all Americans earning under $250,000, and ended for everyone earning above that amount. After the election, with Congress facing a more hostile and emboldened GOP Congress, Senator Chuck Schumer (D-N.Y.) imagined a compromise, where the extend-or-end line was pushed to Americans earning $1,000,000. The Congress is not going to pass either plan, so now, Obama and Schumer are at odds. At least, according to two simultaneous stories in the Washington Post and Politico.
By the way! You can make a pretty safe bet that this Obama vs. Schumer angle was spoon-fed directly to the two papers by Schumer's office, because this story is not interesting enough for anyone to actually chase down, and Schumer's plan has basically been a non-starter for weeks. But both papers have a hunger right now for anything having to do with intra-party squabbles -- from either party, really. So Schumer baits the hook with a conflict that no one had heretofore been discussing.
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