Mr. Kudlow, you are right that Obama wants more revenue AND higher rates on the highest earners. Further, I fear that the Republicans will (AGAIN) cave in and agree to higher taxes now in exchange for some future promise of tax cuts, which, of course, will never happen. Our capitalist system is broken--politicians are afraid to vote for what they know is best for the country, long term, for fear that they will lose their cushy jobs when they next have to stand for re-election. It is in Obama's DNA to have more and more government, at the expense of the private sector. And yet, the people re-elected him. I suppose this validates Romney's claim that 47% of our population pay NO INCOME TAXES, but are dependent on government.
Right after the election, it was all peaches and cream and conciliatory common-ground language when President Obama met with congressional leaders to discuss the fiscal cliff. Of course, the president campaigned on tax hikes for the rich, by which he meant raising top income-tax rates and extending the Bush tax cuts for incomes below $200,000. And the president’s first meeting post-election was with his union and liberal-interest-group supporters, all of whom want to raise the top rates and then some. But instead, the newly reelected president spoke about “new ideas,” as long as they provided a balance of spending cuts and...
- Huckabee getting serious about a 2016 bid? Ed Morrissey 32 minutes ago
- Gallup: Senate may be #Up4Climate, but … Ed Morrissey 1 hour ago
- Charlie Rangel: The explosion today in Harlem is “our community’s 9/11″ Allahpundit 1 hour ago
- Farmers, industry getting pretty nervous about the EPA’s incoming water regs Erika Johnsen 2 hours ago
- Brennan: We wouldn’t do a “tremendous” amount of spying, hacking, and monitoring of Congress Ed Morrissey 3 hours ago
- WaPo: Hillary adviser raised funds illegally for 2008 shadow campaign? Ed Morrissey 3 hours ago