(CNN) – President Obama says he needs Republicans to support his plan to extend the Bush tax cuts for Americans making less than $250,000 a year. He has accused the GOP of holding the middle class hostage in order to also get tax cuts extended for the wealthiest Americans. But there is resistance coming from within his party. Thirty-one Democrats have broken ranks, signing a letter in support of renewing tax cuts for the wealthy. Among them is Michigan congressman Gary Peters. He joined us on Thursday’s American Morning to explain.