DENVER (CBS4) – Sen. Michael Bennet showed his support for President Obama’s tax compromise in an interview in CBS4’s studios Monday. The tax compromise would extend the Bush era tax cuts to all Americans and also extend unemployment benefits.
“If we don’t pass this deal, the cruel reality is that 2 million Coloradans would see their taxes go up at the beginning of the year,” Bennet said. “There will a lot of people on unemployment insurance who would lose that”.
A number of Democrats rejected Obama’s first pass at a tax deal. They criticized the President saying he was too quick to extend tax cuts to people making over $250,000. Bennet says lawmakers must find a way to reconcile tax cuts with the growing deficit, next year.