WASHINGTON -- Sen. Jon Kyl (R-Ariz.) said on Sunday that the only reason some Republicans had been willing to raise tax rates on income above $250,000 was that President Barack Obama had been firm in his position. Now that Obama and other Democrats are showing more flexibility, offering to set the threshold for tax increases at at least $400,000, the political calculus has changed, Kyl told ABC's "This Week."
On "Fox News Sunday," Sen. Lindsey Graham (R-S.C.) said that he wouldn't support a $250,000 level because Democrats will agree to a higher threshold.
Kyl was read a comment by Sen. John Cornyn (R-Texas), a top Republican who said recently that he expected $250,000 to be the agreed-upon level. "I believe we're going to pass the $250,000 and below sooner or later, and we really don't have much leverage there because those rates go up by operation of law Dec. 31. I would focus on the areas where we do have more leverage," Cornyn said.
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