Without stating her preference on the issue, Sen. Olympia Snowe (R-Maine) cautioned Democratic lawmakers to carefully consider the economic repercussions of extending the middle-class tax cuts enacted by President George W. Bush and allow those benefiting wealthier taxpayers to expire.
“I think it is important to really be very circumspect,” she told reporters on Thursday. “Do we want these tax cuts to expire at the end of this year? So how do we draw that line — or whether we draw lines remains to be seen. We’re in the process of doing that.”
Snowe is a senior member on the Finance Committee that is charged with shepherding an extension of the Bush tax cuts through her chamber.