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Senator Harkin “No deal is better than a bad deal”

Barack Obama and Tom Harkin

President Obama will be speaking at 1:30 PM ET.

Senator Tom Harkin (D-Iowa) just left the floor of the Senate after saying he would rather go over the “fiscal cliff” than make the Bush tax cuts permanent.

Harkin noted the only real difference between America today and America at the time of the Clinton tax rates was that the rich had gotten richer and were now trying to protect their wealth. He specifically noted the attempt to make the estate tax cuts permanent and said the Clinton tax rates were fine by him.

Watch the Senate Feed Live.

CommunityThe Bullpen

Senator Harkin “No deal is better than a bad deal”

Barack Obama and Tom Harkin

Senator Tom Harkin (D-Iowa) just left the floor of the Senate after saying he would rather go over the “fiscal cliff” than make the Bush tax cuts permanent.

Harkin noted the only real difference between America today and America at the time of the Clinton tax rates was that the rich had gotten richer and were now trying to protect their wealth. He specifically noted the attempt to make the estate tax cuts permanent and said the Clinton tax rates were fine by him.

Watch the Senate Feed Live.

Official White House photo by Pete Souza

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Jane Hamsher

Jane Hamsher

Jane is the founder of Firedoglake.com. Her work has also appeared on the Huffington Post, Alternet and The American Prospect. She’s the author of the best selling book Killer Instinct and has produced such films Natural Born Killers and Permanent Midnight. She lives in Washington DC.
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