The unreasonable Republicans in the House of Representatives are willing to raise taxes by $800 billion.
Anti-tax Republicans will raise taxes. I’m not happy about it, but that is what John Boehner and Mitch McConnell seem to be offering.
They want to raise that money by limiting deductions instead of raising rates.
They do not want to raise rates because that will impact many small businesses in America whose owners pay their taxes as individuals instead of corporations due to the unreasonable and costly compliance of the American corporate tax code.
Raising rates will affect small businesses. Limiting individual deductions related to state income taxes, charitable deductions, mortgage interest, etc. will not impact those small businesses.
But Barack Obama demands a rate increase.
Republicans will raise the taxes Barack Obama wants, but just not through rate increases. Tim Geithner says without the rate increase to accomplish exactly what the Republicans are accomplishing without a rate increase would “absolutely” send us over the fiscal cliff.
I’m having a little trouble figuring out how these sell outs in the GOP are being unreasonable. I may not like it. I may be happy to primary some of them and hang this deal around their necks like TARP, but how are they being unreasonable in making this offer?
Call me unreasonable. But the GOP is willing to sell out to the tune of $800 billion and the President is refusing. He wants an all or nothing tax rate increase. How the hell is that not unreasonable?
And then there are the spending cuts Barack Obama won’t even talk about. I’ll give him his Clinton era tax rate increases in a heartbeat if we get the same spending rate we had when Clinton was President.
If the Republican sell outs are willing to sell out to the tune of $800 billion in tax increases and Barack Obama refuses to go along with the tax increase because of the mechanism used to reach the same outcome he wants, I think the media is carrying water for the Democrats on who is being unreasonable. The GOP is already selling out. Continuing to paint them as the unreasonable party is telling a story that is not really true.
Don’t confuse conservatives and their demands for what John Boehner and Mitch McConnell are squishing out on.