August 2, 2007

MR. TAT, I PRESUME?:

Partisan Payback Over 'Pay-as-You-Go': Democratic Efforts at Fiscal Discipline Provide Republicans With Easy Targets for Attacks (Jonathan Weisman and Lori Montgomery, August 2, 2007, Washington Post)

In recent days, the farm bill, which had bipartisan support, has taken Republican fire over a provision to raise taxes on foreign corporations funneling U.S. profits through offshore tax havens. The expansion of the federal children's health insurance program, passed by the House yesterday, has taken heat over plans to pay for it with tax boosts for tobacco and spending cuts for managed-care companies in Medicare.

And a promised middle-class fix for the alternative minimum tax has stalled because Democrats propose to pay for it with tax increases for the wealthy. Even a proposal to raise taxes on billionaire equity investors who are paying a tax rate of 15 percent has elicited GOP attacks.

For Republicans, pay-as-you-go -- or paygo -- is a new political opportunity.

"They are Democrats, and they create the issues we want them to create -- higher taxes, higher spending, more regulation," said Rep. Tom Cole (R-Okla.), chairman of the National Republican Congressional Committee. "Paygo just makes them get to it quicker."


One expects fairly little from politicos and pundits, but the most conspicuous failure of post-election analysis after the midterm was the failure to recognize what would be the chief effect of the Democrat takeover: slapstick comedy.

Posted by Orrin Judd at August 2, 2007 8:26 AM
Comments

Republicans lose more base support from their collusion with the Dems in their cynical earmark non-reform reform than from their pretension to rein in spendings and taxes.

Posted by: ic at August 2, 2007 11:47 AM

zero = zero

Posted by: oj at August 2, 2007 1:11 PM
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