So for all of the stress, the House GOP leadership (including Paul Ryan), a minority of Republican Congressmen, and a majority of Democrats
passed the tax deal they were offered by the Senate. The Rich (less than 1% of the population) got tagged with a 4.6% increase (horrors!) and caps were placed on deductions, among other meaningless items.
I suppose it is palatable since we have at least gotten the remainder of Bush’s tax cuts to remain permanent. Even Grover Norquist has twisted this and basically said that since the tax cuts had expired, those Republicans who voted for this deal were voting for a tax cut, not an increase. Interesting contortion.
But then there’s virtually no spending cut in this deal. The increased revenue is not going to make a dent in the deficit. For all the drama, we slapped a few million wealthy people with a small tax raise and refused to address the fact that spending is out of control. It’s a pathetic failure of the entire political establishment.
It is easy to blast Boehner today, but what choice did he have? Yes, I personally believed it would have been best to go over the cliff and let the chips fall where they may. However, I knew that Boehner wouldn’t do that. He didn’t want to take the blame for tax increases on the middle class (it’s going to happen eventually anyway) and it was too tempting to target the unpopular minority that is top earners. Also, he likes grand, useless compromises for some reason.
On the bright side, around 2/3 of the House GOP broke with Boehner on this deal and hence have political cover. Boehner has set himself up beautifully for the inevitable coup and primary challenge that he has coming.
I would say that he was courageous to do this IF I actually believed that the deal means anything. It doesn’t. It’s too little, too late, and still comes across as a major defeat for the GOP. We could have gotten a tax deal as useless as this one weeks ago and not had the brinksmanship that managed to make Obama look like a triumphant, responsible statesman.
Boehner must not be returned as the Speaker of the House, even if means leaving the post vacant. The real fight is going to be over the debt ceiling and Boehner cannot be counted on to do right either by his party or the nation.