Nevermind losing on the tax increase-or however you want it phrased.
It’s also a loss on spending cuts, without ever going to battle.
Come the debt fight what legs will we stand on after running away from spending cuts and opposition to taxes?
The big mistake was made 10 years ago when the Republicans settled for a “sunset” provision on the Bush tax cuts. Frankly, I think it’s a minor miracle that NOW most of those tax cuts are permanent. The highest 2% of earners’ taxes are simply back up to where they were 10 years ago. I don’t like it, but here we are.
The thing is, there are a lot of very pissed off Republicans right now, and revenge is a dish best served cold. I have a feeling the debt ceiling debate will be quite raucous, to say the least. Additionally, although the tax rates for most American taxpayers are now “permanent”, the automatic sequestration cuts are still scheduled to happen - - they were merely put off for two months. It is entirely possible that the Republicans will let them happen.
If that comes to pass, then the end result of everything will be that the Bush tax cuts are permanent for all but the top 2% of earners, but the massive spending cuts will still take place. The African communist couldn’t possibly be happy with that outcome.
I really look forward to the sneer getting smacked off that scumbag Ubanga’s face.