Sunday, Nov 11, 2012 4:52 PM UTC

Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

The Weekly Standard columnist says the GOP shouldn't "fall on its sword" over tax increases on the wealthy VIDEO

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 (Credit: Fox News)

On Fox News Sunday, conservative pundit and Weekly Standard editor Bill Kristol warned the GOP that “elections have consequences” and it shouldn’t “fall on its sword” in defense of lower taxes for millionaires.

“The leadership in the Republican Party and the leadership in the conservative movement has to pull back, let people float new ideas,” Kristol said. “Let’s have a serious debate. Don’t scream and yell when one person says, ‘You know what? It won’t kill the country if we raise taxes a little bit on millionaires.’ It really won’t, I don’t think.”

“I don’t really understand why Republicans don’t take Obama’s offer to freeze taxes for everyone below $250,000 — make it $500,000, make it a million,” Kristol argued. “Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic and half of them live in Hollywood?”

Watch, via Raw Story: