Democrats, Republicans and 'The Mother of All Tax Reform'

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Polls show Americans believe that President Bush's tax cuts helped the rich at the expense of the middle class.  Will Congress do something about it? Last week, led by Democrats, the House Ways and Means Committee approved a $76 billion measure to stop the growth of the alternative minimum tax and provide tax breaks for middle-class homeowners and poor parents. It would be paid for with tax increases on business executives and Wall Street financiers. Those sound like the kind of changes American voters are hoping for, but tax reform and election-year politics don't always mix. Even Democratic consultants warn that it's risky to mess with taxes in an election year. Voters are fickle and campaigns have to be paid for. How will Democrats choose between their votes and their contributors? Will tax reform have traction in the presidential campaign?

Credits

Guests:
Jonathan Weisman - New York Times - @jonathanweisman, Stan Greenberg - Greenberg Quinlan Rosner Research - @StanGreenberg, Jared Bernstein - Center on Budget and Policy Priorities - @econjared, Tom Donlan - Barron's - @barronsonline, John McLaughlin - Republican strategist, John McLaughlin and Associates

Host:
Warren Olney

Producers:
Christian Bordal, Carina Miller, Frances Anderton