Tuesday, December 4, 2012

The blame is shared

Most of the time, I have been siding with the Republicans in their opposition to President Barack Obama's ideas. And in fact I still think that the President must be faulted in these “fiscal cliff” negotiations for his absolute refusal to make the slightest move toward a compromise. But the Republicans are not doing so well in this exchange either. I don't see much willingness to compromise on their part, and I have to give credit to at least one Democrat, Sen. Chuck Schumer of New York, for actually putting forth an idea: Accept that some of the highest-income taxpayers will have to see a tax rate increase — that's what any compromise must be between Obama's “raise the rates on all over $250,000” plan and the GOP's “raise no rates on anybody” plan. But set the barrier higher. Sen. Schumer proposed $1,000,000, and perhaps a GOP counterproposal would move towards that point; but setting it still higher, say $2,500,000. But I don't see anyone on the GOP side making proposals like this.

If nobody on either side is willing to move toward the other, we will surely go over the cliff. And except for Sen. Schumer, I see nobody moving an inch.

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