Washington (CNN) – Maryland Rep. Chris Van Hollen, a member of the House Democratic leadership, said Tuesday he has "serious reservations" about President Obama's tax cut agreement with Republicans.
Van Hollen, who represented House Democrats in tax cut talks with administration officials and Republicans, spoke to reporters as he headed into House Speaker Nancy Pelosi's office for an afternoon leadership meeting.
"I have serious reservations on this with particular reference to the estate tax provision which provided a huge bonus, $68 billion to the wealthiest estates," Van Hollen said.
Rep. George Miller, D-California, who was also on his way into the meeting, said of the tax cut deal, "I'm not happy with it."
obama along with the republicans plan to balance the deficit on the backs of the middle class, poor and seniors....any democrats that supports this will find themselves on the outside looking in and that goes for obama
I am a Republican and I am middle class. I think this is a great deal for all and I cannot understand for the life of me why people are upset over extending the tax credit to everyone. This is our money and we work hard for it ... at every level. Since I work in the private sector, the raises that have been seen have been scant. The reduction of taxes via the "tax holiday" will equal the raise that I received last year. Although it isn't much, it will allow me to spend more helping the economy out.
As for the lowering of the estate tax ... I have never understood why the government taxes families to transfer ownership between family members. Even though it is lowered, any taxes on Estate to me is outright thievery on the governments part.
What people need to understand is that the reduction of taxes will work in our favor to get the government to understand that they need to trim their budget and work with what is taken in. Government is far too large for its own britches ... they need to get smaller and allow us to keep more money in our pockets and to get the debt down.