I predict there will be a massive blitzkrieg of taxes and everything else liberal sometime in the last two years of his administration.
The dems can’t pass a budget,but like Obama they can pass the buck and the blame.
The most powerful three words in the English language are “No I Won’t”. Especially when backed by the conviction to accept the consequences. The GOP has finally realized that they will be pilloried in the press no matter what they do. At that point inflexibility is what will eventually bring the other side either to reason or defeat.
The next two years are going to be ugly. I have serious doubts if the GOP leadership has the convictions to make this stick. But in a very real way they have little left to lose through defiance, and nothing to gain by negotiation. They are like the marines on Guadalcanal. There is no place to run, and the other side has made it clear they aren’t taking prisoners, so you may as well dig in and make a fight out of it.
it seems Barry is finding out like W before him that spending your Political Capital from a re-elect will basically buy you a cup of coffee.
Democrats lament the discovery that the leverage they held on the expiration of the Bush-era tax rates didn’t translate into two years’ worth of arm-twisting...
Govenment by the people for the people...my ass !
Looking back at it, I think McConnell and Boehner got the better off Harry Reid - they traded a one time tax increase in return for permanent lower tax rates later. I’d call that a good bargain.
The GOP has no good reason to revisit that agreement. If the Democrats are that bad negotiators that they have no leverage, well that’s not the GOP’s fault. If they don’t like the sequester, soo sad, too bad. They’ll have to come up with something else besides more tax increases.
Good luck with it, Harry; looks like you’re stuck with it.
Excuse me but I’m starting to sense a disturbing trend WRT the earlier (in Jan) fiscal cliff deal that actually will give the leftists more leverage, for no reason than laziness.
I do believe that, despite as is even implied by this article, the Bush tax rates were allowed to expire Jan 1st, and while the bill ( now law ) that dealt with this compromise uses language such as “make permanent” , the leftist media has seized on this language to imply, by omission of all the facts, that the Bush rates were “made permanent” for everyone except the “rich”.
First of all, if one does a search for “Bush rates expire”, or anything else similar, you won’t find any stories that report this fact. Probably because the bill doesn’t use such language bit also probably because of the complacent media, who doesn’t want to report the fact taxes went up for virtually everyone, not just the “ rich” January 1st.
Secondly, the bill itself indicates the rate for the 25% bracket went up to 28%, 35 up to 38, etc. but apparently the 10% bracket remains the same. What this means is that it’s not as easy to say “ everyone’s rates went up Jan 1st, but that is certainly more accurate than saying only the “ rich” we’re hit with a tax hike.
What’s the point here? That the Pubbies MUST get out in front of this, hammering home the fact that not only did they cave on more taxes for the “rich”, but that Obama is the one to blame for NEARLY everyone’s taxes going up!
Again, the record is already being expunged by the complacent media. Soon everyone will forget that it was Obama’s insistence to not only raise taxes on the “ rich” , but even for those in the ( formerly) 25% bracket. It’s a golden opportunity to righteously demonize him, and it’s being squandered.
IOW, the GOP meme now should be something like, “We gave Obama as much tax increase as is reasonable, and more, since now even those in the former 25% bracket are paying more. It’s time HE give something now, specifically serious talk about spending. “
Otherwise, the fact that nearly everyone’s taxes went up this year will be lost on everyone, as the media is omitting that fact in all this sequester talk , and clearly Joe American is too stupid to check his own paystub to see the permanant INCREASE in his OWN taxes.