Troglodite Wrote:
Jan 02, 2013 10:32 PM
The great asset that the Democrats had all along was the threat that, if the House GOP did not play ball, the Bush tax rates would be allowed to expire and almost everyone who now pays income taxes would pay more. Now, although some people will pay more, the Bush tax rates are permanent for most people and the Democrats seem to have lost their most important card. With another flap coming just a few weeks down the road when we come up against the debt ceiling, the GOP is in a good position to drive a very hard bargain, IF it has the cojones, since the damage (political and economic) from a government shut-down will be nowhere as bad as the damage would have been from an increase in income taxes.