Obama aides tell our Christina Bellantoni that the White House is deferring to Nancy Pelosi on how to deal with a potential vote on a middle class tax cut.
More ominously, the bright idea bubbling up in the House — to which the White House seems inclined to defer — is to raise the ‘middle class threshold’ up to annual taxable income of $999,999 a year. Or rather to create a new tax bracket on taxable income over $750k or $1 million per year.
