Wednesday Must Read: Bay Area Dems Decry Obama Tax Deal; Oakland Dropout Rate at 40 Percent

Stories you shouldn’t miss:

1. Liberal Bay Area Democrats in Congress are sharply criticizing Barack Obama’s tax compromise with Republicans, accusing the president of selling out one of his core principles, the Chron reports. “It’s shocking,” said Peninsula Congresswoman Jackie Speier, who said Obama will not have her vote. “It epitomizes the worst in back-room politics. It was negotiated with Republicans. It was not a compromise. It was capitulation.” While running for president, Obama repeatedly vowed to end the Bush tax breaks for the rich, but yesterday he said he had to break his promise because Republicans were holding the nation hostage. The GOP had refused to vote for middle-class tax cuts unless they included cuts for millionaires and billionaires, too. However, if enough Democrats oppose the Obama deal, it won’t have enough votes to get through Congress.

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