The republicans oppose it because it isn’t right for the people. The democrats oppose it because it hurts their political career…
“Democratic and Republican leaders in both chambers were resistant to an Obama-Boehner deal for separate political reasons — the Republicans because of party opposition to new taxes and Democrats because many want to campaign in 2012 against Republicans’ proposed deep cuts in Medicare and Medicaid and a compromise, they believe, would make that harder.”
-NY Times 2011-07-21
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