Democrats have got themselves in a huge trap here. They assumed the economy would recover and they could let the taxes go up. Now they are in a pickel, if taxes go up it could kill democrats in 2012 and kill the myth that Clinton saved the economy. If they delay the tax increases their base will be livid, absolutely livid. They want that money for ‘jobs’.
I been pondering this for a while. Suppose Obama says that he will sign an extension of ‘tax cuts to the rich’ in return for the lower income tax cuts? So that way he can tell his base that Republicans held tax cuts hostage and he was against it.
Republicans need to block anything during lame duck session, even tax cuts.