I thought this fight had gotten as stupid as it could. Apparently not. The Democratic Caucus is saying they will reject Obama's tax compromise.
So taxes will go up and it will be the Democrats' fault. Very clever.
Correction: My bad. Obama has the Republicans. Only Pelosi can stop the compromise from passing; by not allowing it to come to the floor, or by "fast tracking" it to require a two-thirds vote. She would have to emerge from Obama's pocket to do that, and I doubt she knows where the exit (from his pocket) is. So it will probably pass, and Republicans will get credit for it. Still; awesome move by the Democrats.
Hi Bill. Love your blog. The counter argument is that had they accepted the compromise, the tax cuts would have come up for renewal again in two years, just in time for the 2012 election and then we'd be having the same debate all over again. It's terribly important to get the unemployment payments going again, but it's equally important to get taxes raised back to reasonable levels for those making over a million, so I'm not sure what the best course of action should be. It's time the Republicans took responsibility for something.
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