Schumer Defends Middle Class Tax Cuts

Tax breaks are on the agenda in Washington, and Senator Charles Schumer wants Democrats to focus on tax cuts that help low and middle-income earners.

"Our first goal has to be to get the middle class that tax cut. They need it. Their income is shrinking. They will spend that money and get the economy moving again," Schumer said. "But I don't think millionaires should get that tax cut."

Democrats are committed to continuing the tax cuts for everyone except Americans earning more than a quarter-million dollars per household. But President Barack Obama has said he would consider a two-year extension on the Bush-era tax cuts that are set to expire at the end of the year, including those for the very rich.

Schumer also said that Senate Majority Leader Harry Reid asked him to return to his post with the Democratic Senatorial Campaign Committee to recruit and promote Democratic candidates for the U.S. Senate, but Schumer said he has declined. In 2012, Democrats will have many more Senate seats to defend than Republicans.