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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMitt Romney: Hostage Taker?
BRIAN BEUTLER JULY 9, 2012, 10:58 AM
Mitt Romney: Hostage Taker?
I suspect a lot of politicians and talking heads and reporters will treat President Obamas renewed push to allow the high-income Bush tax cuts to expire as deja vu. And in their defense, theres some overlap between whats about to play out in the political realm, and what happened in 2010, when Democrats fractured over the issue and agreed to extend all the Bush tax cuts for two years.
But the storys actually much different now, and that mostly has to do with the fact that this time around Republicans have a presidential candidate on the ticket. Not just any presidential candidate, either, but one personifies the class of super-rich that benefited from the Bush tax cuts so much more than everybody else.
Heres why that matters.
One piece of this story thats playing out exactly as it did two years ago is that congressional Republicans have once again adopted a legislative strategy that more or less amounts to hostage taking. Theyre happy to renew the middle-income Bush tax cuts tax cuts that, by the way, apply to everybody, including rich people but only if tax cuts benefiting only the wealthiest Americans are part of the deal. If Dems dont agree to that, then Republicans will block everything in between and allow all the tax cuts to expire, including for regular folks who cant really afford it in this economy. Indeed, the broader economy cant really support all that fiscal contraction which is why we constantly hear dire warnings about the threat of the so-called fiscal cliff at the end of the year.
Last time around, nobody really had to answer for that strategy nobody with any real accountability anyhow. This time around Mitt Romney will play that part. And hes going to have little choice but to own the hostage taking. Theres almost no conceivable way the right will give him enough berth to dodge the issue, let alone break with Congressional Republicans. This is the core of the GOPs identity, and the single biggest organizing principle uniting the Conservative movement.
So here well have Mitt Romney the millionaire outsourcer guy who claims to believe wealthy Americans are already doing just fine saying its appropriate to hold the middle-classs tax cuts hostage until the yacht-owning set that finances his campaign gets its tax cuts too.
There may be some nimble Republican politician out there who could dance around this problem, but I dont think Mitt Romney can. Which is why the fight will be so clarifying and, I assume, why the White House and Obama campaign seem eager to relaunch it.
In the end, the legislative politics that determine what actually happens to the Bush tax cuts will be shaped by the election. Obviously, if Republicans win they wont need to take anything hostage. But I doubt thats enough to protect Romney from having to answer for the strategy as it exists right now. And I dont think screaming tax hike! will suffice.
http://talkingpointsmemo.com/archives/2012/07/mitt_romney_hostage_taker.php
HopeHoops
(47,675 posts)Enrique
(27,461 posts)if anyone asks him about those aspects Beutler describes, he'll just repeat, "I will extend all the tax cuts for everyone". There have been all kinds of explanations about how it will be "different this time", and this is just the latest, and it's not very convincing.