I’ll believe that when I see the final deal.
Well, for sure. Let’s see what the analysis is once the details are really known. It was so important to the O’s re-election that he get the GOP to break their tax hike pledge. They needed a fracture in the GOP base. They don’t believe they got it. I don’t either. There is, effectively, no way the commission can raise taxes. First it is implausible that they could get one so high that CBO would score it for more revenue, so what’s the point. Second, the GOP would vote down any tax increase anyway in the House and just let spending get cut on any amount of revenue remaining that the commission could not agree on. If it is too large for defense to reasonably bear (which I doubt it will be) then the next President and Congress, which will be decidedly more conservative that what we got now will adjust whatever has been cut that is too much. This is a rotten deal for the Dems. Their base, which was already depressed, is now in riot mode.
They are so shallow. I csn see them claiming the Tea Party won this and then trying to blame them for everything that happens between now and next Nov.