« | »

Democrats Struggle To Get A New Tax Increase

From the Politico:

Democrats struggle to find next tax triumph

By STEVEN SLOAN | March 3, 2013

Democrats toasted the New Year’s fiscal cliff deal with the belief that they had set a crucial new precedent: Tax hikes would be part of any future deficit reduction package.

Two months later, the champagne buzz is wearing off.

Notice how, to Democrats, raising taxes is the equivalent of drinking champagne.

With about $85 billion in spending cuts — and no new revenue — kicking into gear on Friday, it appears that the exuberance expressed by many Democrats at the beginning of the year was misplaced. Efforts to avert the sequester never achieved liftoff, and Democrats are realizing that new tax revenues are off the table for the immediate future

And never mind that the tax increases on the so-called rich two months ago. And the return of the payroll tax. And all of the endless taxes built into Obama-Care. None of that counts.

At the time, President Barack Obama said the [fiscal cliff] deal “enshrines … a principle into law that will remain in place as long as I am president: The deficit needs to be reduced in a way that’s balanced.”

Meaning, there will always be tax increases matched by, at best, pretend spending cuts in any future budget ‘deals.’

Republicans now scoff at the idea that the fiscal cliff established any type of precedent when it comes to tapping revenue to cut the deficit. Utah Sen. Orrin Hatch, the top Republican on the Finance Committee, dismissed the idea of a precedent as “bull.”

“They haven’t established anything,” he said. “All they’ve established is they want to spend at all costs, and they keep themselves in power by spending it and saying how compassionate they are with everybody else’s money.” …

It’s a good thing Mr. Hatch is leaving the Senate, with that weird attitude.

Indeed, after ceding the battle over tax rates to Obama in the fiscal cliff compromise and allowing tax rates to rise on the wealthiest taxpayers — rather than take the blame for a major tax increase on all Americans — Republican leaders on both sides of the Capitol decided that they couldn’t afford to lose the tax fight again so soon.

But maybe later. Maybe at the end of this month. By then everyone will have forgotten all of the other recent taxes increases.

There are plenty of opportunities ahead for Democrats to try to extract more revenue from Republicans. The next chance comes at the end of March, when government funding expires. Democrats are likely to again try to turn off the sequester with tax increases as part of a deal to keep the government open.

And the debt ceiling, which will have to be addressed sometime this summer, provides another venue for a tax fight…

Michael Ettlinger, the vice president for economic policy at the liberal Center for American Progress, said he was “always nervous” that Republicans would block revenue from being used to offset the sequester. But he said this isn’t the last chance for Democrats to make their case on the issue.

“There may have been a little excessive optimism at one point,” he said. “But it’s important to remember this isn’t over yet. We haven’t seen the end game yet.”

That’s the message Democrats in Congress are trying to send, to counter any sense that the party is once again fighting in vain for higher taxes.

“This fight’s not over,” said Maryland Rep. Chris Van Hollen, the top Democrat on the House Budget Committee. “We’ve got a long way to go, so let’s just see what happens.” …

The Democrats are always optimistic about raising taxes.

This article was posted by Steve on Monday, March 4th, 2013. Comments are currently closed.

3 Responses to “Democrats Struggle To Get A New Tax Increase”

  1. River0 says:

    “Balanced” in Obama-speak means “We get all the tax increases we want”.
    “Bi-partisanship” means conservatives give in to Demonicrats, forfeit principle, and in exchange will not be called “racist-homophobe granny-killers” for a few months.

    That is until the next round of “negotiations”, which in Demonicrat-speak, means a dog-and-pony-show with photo-ops designed to make them look good and liberal.

    Our fellow citizens are infected with a virus of the mind akin to the Black Death that ravaged Europe in the 1340’s.

  2. BannedbytheTaliban says:

    “There are plenty of opportunities ahead for Democrats to try to extract more revenue from Republicans.”

    Marinate on the profundity of this as a standalone statement, free of any other context.

  3. Mithrandir says:

    Don’t worry, JEB BUSH will fix everything in 2016.

    Jeb Bush: I won’t rule out 2016 White House run ‘but I won’t declare today’

    “Gov. Romney put himself in a box, I think, in the primary by trying to out(-conservative) conservatives, some very good conservative candidates, and never really recovered from it,” Bush said.

    UH-OH! Here we go with the LIBERAL REPUBLICAN talk again. The most liberal of all the candidates, like McCain, got nominated, and his main fault was that he wasn’t liberal enough. Even though 50% of the country identifies themselves as conservative, the GOP can’t seem to nominate a conservative, and when the candidate loses, they claim he was too conservative WHEN HE WASN’T IN THE FIRST PLACE!

    Jeb Bush. Oh my god, our liberal candidate is being prepped to muddy the waters in 2016. It’s starting!

« Front Page | To Top
« | »