Yes, it’s Kent Conrad again. The AP reports that although Conrad claims to be a deficit hawk, he supports extending the Bush tax cuts for the extremely wealthy.
The worst thing about it? I think he’ll get what he wants. The Republicans will filibuster any attempt to do what President Obama wisely wants to do, i.e. extend only those tax cuts for individuals making less than $200,000, and couples making less than $250,000. Thus, in order to maintain the tax cuts for the middle class, Republicans will insist on the very rich getting their share. And I think that the Dems will cave.
Oh — Evan Bayh, who loves lecturing the Democrats on fiscal responsibility, also wants to extend tax cuts for the wealthiest Americans. Plutocracy is alive and well and living the Senate Democratic Caucus.