RE: I guess everyone is happy to see all of the new taxes from the White House.
We were between a rock and a hard place.
Like it or not, Obama (with the help of many who disliked him but chose to stay home ) was re-elected President and openly campaigned to raise taxes on the rich.
The alternative was of course to vote NO on the McConnell-Biden deal which if it went down would have cause the Bush tax cuts to expire and RAISED EVERYONE’s TAXES (including those making much less than $200,000 ).
I hope that is a lesson learned by the GOP never to make a ‘temporary’ tax reduction again. The Bush tax cuts should have been permanent all along.
(HA HA I know... the GOP learning a lesson... That’s a good one)
Mitch McConnell put us there with his "Super Committee" debt ceiling compromise in July 2011, which Boehner forced through the House.
They both own this.
The alternative was of course to vote NO on the McConnell-Biden deal which if it went down would have cause the Bush tax cuts to expire and RAISED EVERYONE’s TAXES
No pain, no gain.
The reason this country is in the shape it is is that people vote their wallets.
Wasn’t the Forbes writer’s point that the R’s are infested with Keynesians, and that the thing was a bad choice and should have been voted down?
How do you show the electorate that you believe in your own philosophy when you shield the electorate, by smoke and mirrors, with your own Keynesian vote?
“Let it burn” wasn’t a futile exercise, but a strong show-and-tell for giving the people exactly what they asked for and letting them live with the results. R’s might well be back by 2016 had they stood on sound fiscal ground, common sense, and among the Obama economic ashes.
A very rough game of “chicken”, I realize. Rand and Rubio stood (knowing how the vote would go) and thereby passed one of many other basic tests to come.
Which would have been a good thing, much though it roils my bowels to say so. Any time we can add one member of the 47% back to the taxpaying class, it is good for the debate in the long run.
A shame we have to keep stating the obvious.
The WH released a CBO score that claims that this bill HR 8 cut the deficit by $737B over 10 years even compared to the higher Clinton rates that went into effect Jan 1 after the extended Bush tax cut expiration, and it gave a detailed breakdown of the CBO estimates.
Have you seen anything posted here like that?