Robin Carnahan on Tax Reform

Extend Bush tax cuts for all recipients, including wealthy

In announcing her support for a full extension of the Bush tax cuts--which are set to expire thi year--Carnahan creates conspicuous distance between herself and many of the national Democrats she's hoping to join. President Obama, for one, has pushed for an extension of the cuts for those making below $200,000. Individuals earning more than that or families in an income bracket above $250,000 would see their tax rates revert to previous levels under the president's plan. With some exceptions, Democrats argue that the budget would take a major blow if the tax cuts for the wealthy are extended.