Taxes

Bill Kristol Argues For Allowing Bush Tax Cuts to Expire

Says the GOP should stop standing up for "a bunch of millionaires"

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Weekly Standard Editor Bill Kristol said on Sunday that the Republican Party should stop defending "a bunch of millionaires" and let the Bush-era tax cuts expire for the wealthiest Americans.

"It won't kill the country if we raise taxes a little bit on millionaires," he said on Fox News Sunday. "It really won't, I don't think. I don't really understand why Republicans don't take Obama's offer to freeze taxes for everyone below $250,000."