Democrats Split on Tax Breaks

“A simmering war between pro-business Democrats and liberals, which fueled the collapse of a $400 billion tax bill last week, is the latest policy fight to underscore deeper divisions within the party,” Politico reports.

“Senate Democratic leaders had basically sealed a two-year deal with Republicans on a wide range of expiring tax breaks but were undercut by the Obama administration and liberals. So the entire package collapsed two days before Thanksgiving, and Congress on Monday moved toward a short-term extension of a tax bill that affects millions of Americans.”