Cracks Develop In GOP Resistance On Tax Rates

WASHINGTON (November 28, 2012)--The first cracks are developing among Republicans over whether to accept a quick deal with President Barack Obama on allowing Bush-era cuts in the top two income tax rates to expire.

Conservative Oklahoma GOP Rep. Tom Cole told GOP colleagues that it's better to make sure that tax cuts for the 98 percent of taxpayers who make less than $200,000 or $250,000 a year are extended than to battle it out with Mr. Obama and risk increasing taxes on everyone.

His comments drew a rebuke from Speaker John Boehner, who is standing firm against Mr. Obama's demand that tax rates go up on individual income exceeding $200,000 and family income over $250,000.

A Cole spokeswoman confirmed comments made to Politico, which first reported them.

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