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Chris Wysocki
Caldwell, NJ
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Tuesday, 04 December 2012
The GOP "Doomsday" plan for the fiscal cliff spells doom for the GOP
Dear Leader rejected the GOP's offer to revisit Simpson-Bowles. Then Erskine Bowles repudiated his own plan. Because the Democrats never intended to use a "balanced" approach to the fiscal cliff. Their goal all along was to punish success via class warfare. And they're still plucking that chicken.
So now John Boehner has a "Doomsday Plan".
Republicans are seriously considering a Doomsday Plan if fiscal cliff talks collapse entirely. It's quite simple: House Republicans would allow a vote on extending the Bush middle class tax cuts (the bill passed in August by the Senate) and offer the President nothing more: no extension of the debt ceiling, nothing on unemployment, nothing on closing loopholes. Congress would recess for the holidays and the president would face a big battle early in the year over the debt ceiling.
Two senior Republican elected officials tell me this doomsday plan is becoming the most likely scenario. A top GOP House leadership aide confirms the plan is under consideration, but says Speaker Boehner has made no decision on whether to pursue it.
Under one variation of this Doomsday Plan, House Republicans would allow a vote on extending only the middle class tax cuts and Republicans, to express disapproval at the failure to extend all tax cuts, would vote "present" on the bill, allowing it to pass.
Leadership? Yeah, the GOP ain't got that. Their "Doomsday Plan" is tailor-made to ensure doom for Republicans. It gives Obama what he's demanding now (raise taxes) and punts on any chance at spending cuts. How can they possibly negotiate concessions next year if they've already proven they're incapable of holding the line on taxation? Give in now and the Democrats will beat them like a rented mule for years to come.
Rep. Tom Cole, R-Okla., an influential conservative House Republican, is already on record supporting extending the middle class tax cuts — with or without the upper income tax cuts. On Sunday, he said Republicans should embrace the extension of the middle class tax cuts and take credit for it.
"That's a victory, not a loss," Cole said on This Week with George Stephanopoulos. "And then we're still free to try and fight over higher rates, offering revenue, which the Speaker has put on the table."
Some "victory" Tom. How about you grow a pair, OK? Because all you're doing is enabling more of the same.
So we get to keep people who basically pay no federal income taxes now from paying federal income taxes in the future so as to enable them to demand services and benefits for which they do not pay in a fiscal death spiral in which there just aren't enough "wealthy" people from whom to confiscate more money?
You can't tax your way to solvency. But if the GOP really wants to do "Doomsday", then by golly let's do Doomsday.
I'm okay with extending all Bush tax rates together with a Blue State punishing limit on deductions for state income and property taxes, closing Hollywood and tax-exempt loopholes, and maybe some other "loopholes," provided we address spending. We cannot tax our way to solvency.
News flash. The debt ceiling is not a fall back position. When the media howls about that, we will fold like a cheap suit.
I say package deal or no deal. A "Grand Bargain" is the term, I believe. Entitlements and the nanny state on the table, or there is no table.
If a deal can't be reached by year end, the House should pass a 90 day extension of current rates to give time for the Grand Bargain to play out, send it to Harry Reid, then leave for Christmas.
Then get the message out that Harry Reid and Obama are the ones holding the "middle class tax cuts" hostage.
Now we're talking! Throw in Glenn Reynolds' idea for a 50% surtax on "excess" post-government earnings by federal officials and really watch the Democrats squirm.
This is no time for the Republicans to go wobbly.
Stand firm. Obama's not driving this bus. Really. All he can do is sign or
veto whatever legislation reaches his golf course desk. The
Constitution stipulates that money bills must originate in the House, ergo even
the Democratic Senate will have to accept, reject or amend whatever the House
sends.
So make 'em an offer they can't refuse. Enact Simpson-Bowles and cobble together an extension of all the Bush tax cuts, along with those revenue enhancements I listed above. Get Harry Reid on record defending Hollywood fat cats and revolving door lobbyists! Democrats want to tax "the rich", except for Dear Leader's friends. So tax his friends. Hypocrisy is defending a tax cut for Eva Longoria and George Clooney while advocating a 55% death tax on family farmers. Point that out. Loudly.
If Obama doesn't sign it, then the fiscal cliff falls squarely on his shoulders.
And if he does? Wow. We just might get headed back down the road to fiscal sanity. Wouldn't that be great?
UPDATE 05 Dec 2012 09:17:
Linked by Doug Ross, as the headline for today's Larwyn's Linx! Thanks!
Posted at 10:11 by Chris Wysocki
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