Ronald Reagan once fell for a “tax now, cut later” deal that he later deeply regretted. Dems got the tax; he never got the cuts. Obama’s audacious new gambit is not a serious proposal to solve our fiscal problems. It’s a raw partisan maneuver meant to neuter the Republicans by getting them to cave on their signature issue as the hold-the-line party on taxes.
The objective is to ignite exactly the kind of internecine warfare on taxes now going on among Republicans. And to bury Grover Norquist.
I am not now, nor have ever been, a Norquistian. I don’t believe the current level of taxation is divinely ordained. Nor do I believe in pledges of any kind. But Norquist is the only guy in town to consistently resist the tax-and-spend Democrats’ stampede for ever-higher taxes to fund ever more reckless spending.
The hunt for Norquist’s scalp is a key part of the larger partisan project to make the Republicans do a George H.W. Bush and renege on their heretofore firm stand on taxes. Bush never recovered.
Sounds about right to me. --TS