Here we go again. In another effort to negotiate in good faith with Republicans and get some agreement on extending the payroll tax break, CNN is reporting that President Obama and the Democrats will drop the millionaire surtax the President has called for over the last few months.
In what would be a major concession, President Obama and Senate Democrats will drop their insistence that a surtax on millionaires pay for extending the payroll tax cut, a Democratic source tells CNN. This would be part of a new Democratic offer.
The move comes after Senate Majority Leader Harry Reid and other top Senate Democrats met with President Obama at the White House earlier today.
Based on this President’s past, one would assume that Republicans should chalk this one up as another win. But I will caution my fellow Americans. Until we get a full understanding of what they agreed upon, let’s not pass judgement on this administration just yet.
I remember other situations where we thought the president had given up too much. And although there may have been times when we wished he had held out a little longer and stood his grounds against these Republicans, we must admit that when we looked at the overall picture, the president, most of the time, seemed to come out on top. Thus, we hear all the time, “while everyone played checkers, the president was playing chess.”
