Yesterday morning, the Obama Administration released a Statement of Administration Policy (SAP) on H.R.3630, the Middle Class Tax Cut Act of 2011. In layman’s terms, President Obama threatened to veto the bill. Interesting, nearly every single one of his arguments for opposing the bill, which warrants serious consideration, could be used against the proposals put for by Senate Democrats. So, we took the liberty of writing up a SAP for the administration.