When you're talking about $250,000 AGI, you're talking about the top 1.5% [View All]

[flpoljunkie]

President Obama might want to remind the American people that Ronald Reagan raised taxes every year of his presidency, but one. Yet, today's spineless Republicans are held hostage by Grover Norquist, president of Americans for Tax Reform, and his no tax increase pledge. Grover is famous, more like infamous, for saying, "I don't want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub."

Complicating the issue, all the Bush tax cuts were extended for two years at the end of the 111th Congress, so it's not a matter now of letting the tax cuts for the rich expire. They all expire. The folks at Morning Joe apparently weren't aware of this fact this morning.