How could a major tax deal brokered by the top Senate Democrat die so quickly at the hands of a Democratic president?
Immigration politics and Democratic infighting came together to doom the $400 billion deal even before it had made it into print. The brinksmanship threatens to disrupt the lives of millions of taxpayers who rely on the mishmash of expired provisions the plan was trying to revive.
The collapse highlights the fragile coalitions in Congress, where even leaders of opposition parties agreeing to a deal can’t bring it home. It also shows the newly found boldness of President Barack Obama in the aftermath of the midterm elections, where the looming takeover by Republicans has him tilting back toward the liberal base.
Interviews with the key players showed that the two tax-writing panels in the Senate and House had for weeks been making solid progress toward a final tax package that looked like it would include the breaks for low- and middle-income people sought by the president.
But the deal fell apart just as it seemed to be coming together.
Read more: http://www.politico.com/story/2014/11/immigration-tax-deal-113206.html
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