WASHINGTON (Reuters) – President Barack Obama's tax plan got a boost on Tuesday when a top Democrat in the House of Representatives, where the plan faces its stiffest resistance, said there were "compelling reasons" to back it.
The bullish comments from Democratic Majority Leader Steny Hoyer signaled opposition is dissipating among Democrats who believe that Obama's $858 billion tax deal, brokered with the opposition Republicans, is too generous to the wealthy.
