More on Taxes, The Deficit And Political Bargaining
We liberals keep thinking that anti-tax fever has to crest any time now, and I remember a slew of magazine pieces predicting exactly that around 2006-07. But it hasn't happened yet. Or, more accurately, I guess I should say that Democrats are still scared witless by the idea of proposing a broad tax increase, and the evidence suggests they're right to be.
What evidence is Kevin Drum referring to? The last time taxes were raised in the United States was in 1993, by Bill Clinton. He won reelection in a landslide. The issue is simple - what is the best policy? Because good politics follows good policy. What's even more interesting is that here is an issue where the President of the United States does have immense power - he can veto any measure on the question of the Bush tax cuts. Indeed, he can do it AFTER his last election campaign, November 2012.
This is one issue where the President has the dominant hand. He should play it.
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