There will be movement. Elections have consequences. And there are compromises that are reasonable for both sides of the aisle, returning to rates like what we have in the 90’s where there was still great growth, that can help dig us out of the deficit hole while easing the burden on the middle class without devastating the ever-important ‘job creators’.
Conservative commentator and Weekly Standard editor Bill Kristol said Sunday the Republican Party should accept new ideas, including the much-criticized suggestion by Democrats that taxes be allowed to go up on the wealthy.
“It won’t kill the country if we raise taxes a little bit on millionaires,” he said on “Fox News Sunday.” “It really won’t, I don’t think. I don’t really understand why Republicans don’t take Obama’s offer.”
“Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic and half of whom live in Hollywood and are hostile [to GOP causes]?” he asked.
…Exit polls last week found that six in ten voters supported ending the tax cuts on the wealthy, but House Republicans have remained adamantly opposed to allowing any of the rates to expire, instead supporting other changes to the tax code. House Speaker John Boehner (R-Ohio) indicated on Friday that was unlikely to change.