An so it begins: McConnell Shows GOP Queasiness on Obama Budget [View All]

[babylonsister]

http://briefingroom.thehill.com/2009/02/22/10803/

McConnell Shows GOP Queasiness on Obama Budget
@ 12:52 pm by Michael O'Brien


Senate Minority Leader Mitch McConnell (R-Ky.) indicated Sunday that Republican lawmakers would be unlikely to sign onto any tax hikes proposed in President Obama's budget.

"When our good friends on the other side of the aisle say raising taxes on the wealthy, they really mean small businesses," McConnell said on CNN's "Late Edition. :wtf:

"I think most of my members will think that's not a smart move," he added.

The Obama administration is expected to lay out an ambitious budget this week, which will call for some taxes on wealthy Americans to be increased. The White House is also hosting a summit on the budget on Monday with a bipartisan array of lawmakers and economists.

McConnell also took exception with some colleagues' calls for the banking industry to be nationalized, as Senate Banking Committee Chairman Chris Dodd (D-Conn.) said might be necessary.

"I agree with the administration," McConnell said. "I think nationalizing the banks is an absolutely wrong thing to do."