Conservative Weekly Standard columnist Bill Kirstol said it won’t kill the country to raise taxes on millionaires during an appearance on “Fox News Sunday.” Kristol said that after a bad night on Election Day, Republicans should reassess their positions and be open to new ideas.
“Don’t scream and yell when one person says, ‘you know what, it won’t kill the country if we raise taxes a little bit on millionaires.’ It really won’t, I don’t think,” Kristol said.
Kristol continued, saying he doesn’t understand why Republicans don’t just take President Obama’s offer to go ahead and extend the Bush tax cuts for everyone making under $250,000 per year while a larger deal is reached. “I don’t really understand why Republicans don’t take Obama’s offer to freeze taxes for everyone below $250,000, make it $500,000, make it $1 million,” Kristol said.
Kristol continued:”Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic and half of whom live in Hollywood?”