President Obama is dispatching his Treasury Secretary to Capitol Hill today to try and unite Senate Democrats around his plan to extend tax cuts for the middle class.
The president’s proposal, which he discussed Monday, would keep the Bush tax cuts in place only for coupes earning less than $250,000 per year, or individuals earning less than $200,000.
Some Democrats, including Sen. Chuck Schumer (N.Y.), Bill Nelson (Fla.) and Jim Webb (Va.), have argued that the dollar threshold to quality for the tax cut extension should be higher. Schumer, in particular, has pointed out that many middle class residents in his state earn more than $250,000 a year.
It’s not known exactly what Geithner will say at today’s lunch meeting, but some Senators are expected to talk to reporters afterwards.