Reid Accuses GOP of Holding Middle Income Tax Cuts 'Hostage'

"Republicans are holding hostage tax cuts for working Nevadans, and their ransom is even bigger breaks for millionaires and CEOs who ship American jobs overseas. Today we learned that these breaks would double our deficit and add nearly a trillion dollars in interest to our tab with countries like China.

"We already knew the Republican plan to help millionaires before the middle-class hurts hard-working families, but this news confirms that it's also bad national economic policy. We should help the thousands of Nevadans and millions of Americans who are out of work -- not the CEOs who laid them off. And we certainly shouldn't be padding millionaires' pockets at the expense of our deficit and the interest we owe to China. But that is exactly what Republicans want us to do."