The tax increases tend to happen while the spending cuts don’t.
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House Speaker John Boehner reportedly offered Obama just such a deal last week. Boehner’s proposal is a classic rope-a-dope, and Obama wasn’t the one getting lassoed. According to reports in the Wall Street Journal and the Washington Post, Boehner offered a deal that extended Bush-era tax cuts for middle-class taxpayers but let capital gains taxes and rates for upper-income taxpayers expire in exchange for a Democratic agreement to rewrite the tax code by the end of next year to benefit all taxpayers.
It was a classic “if-then”: if you do something now, then we’ll do something later. It’s the Wimpy Democrats: they will gladly pay us Tuesday for a hamburger today.
Trying to figure out if the Republicans would fall for this — again — I asked one of my favorite Hill sources point-blank: why should we believe they won’t get suckered again? His answer was, “Two words: Mitch McConnell.” That’s a good enough answer for me, but there’s comfort in adding two more words: “Jeff Sessions.”
Yesterday, on “Face the Nation”, Alabama’s Sen. Jeff Sessions,
ranking member on the Senate Budget Committee, warned that a deal
— even one endorsed by Republican congressional leaders — won’t
necessarily be approved. (McConnell has said the same on earlier
Messrs. McConnell and Sessions are in the right place and the right time to prevent the Republicans from falling into the usual “if-then” trap. They need to stick to their guns.
Before the Sunday session, Speaker Boehner had backed off from the “big deal” idea he and Obama publicly favored.
A small long-term deal benefits only Obama and Senate Dems. They want to blame Republicans for failing to cut spending while avoiding the blame Democrats should bear for refusing to abandon their demand for massive tax increases and refusal to touch entitlements. A short-term deal is better for Republicans so they can keep the pressure on Obama and finally achieve the massive spending cuts we need if our economy is to recover.
At this writing, the Sunday evening White House negotiations have yet to occur. This morning will have dawned without a deal being reached because Obama won’t compromise on spending and Republicans can’t compromise on tax hikes without betraying the mandate they received last November.
There are 22 days between now and August 2. As that number diminishes, the Republicans’ hand only grows stronger.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?