In response to:

Here Comes the Cliff

latebloomer Wrote: Dec 24, 2012 9:17 AM
Not to mention that EVERY tax change since the end of WWII has been on the right side of the by now historically proven Laffer Curve. Revenue increases from hikes in the tax rate, when they occur at all, are temporary and more than offset by the later drop in revenues after economic activity adjusts to the new rates. And all other things being equal, tax cuts bring about greater revenues due to better economic performance.
Last week, Republicans proved they are not a governing party. Next week we will see whether Democrats are.

A governing party would have, reluctantly, passed Speaker John Boehner's Plan B, which would have preserved the current tax rates on everyone with incomes under $1 million.

Passage would have put Senate Democrats on the spot, since they voted for a similar measure in 2010. They might have engaged in negotiations with Boehner that could have been more productive than his negotiations with Barack Obama this month and in the summer of 2011.

Then, as Bob Woodward reports in his book "The Price...