No taxes at all?

(Happy New Year, everybody.)

Digby writes: (emp add)

The debate has officially shifted from "deficit reduction" to "cutting spending to reduce the deficit." This has to be one of the fastest internalization of GOP propaganda in history and that's saying something. [Chris] Matthews may be an outlier, but from what I saw today among the gasbags, they are all coming on board very quickly. If I had to guess, it was the lame duck deal that finally took taxes off the table for the Villagers. It's dead as far as they are concerned, so "cut-go" is the only way to reduce the deficit.

As far as I can tell, the "Obama Deal" had no tax increases whatsoever. None.

It's hard to say what matters anymore in this world, but would it have made a difference if there had been some tax increases in there (like eliminating the capital gains rate for hedge fund managers)?

Was a 100% tax cut deal a signpost to future action - in this case nothing but program cuts?


posted by Quiddity at 1/05/2011 11:40:00 AM