- The GOP is essentially making the same proposal that they did throughout 2011, but with a little more tax collected from high earners. For this paltry sacrifice, they want all their proposed spending cuts from the Ryan budget enacted.
- The Dems want the top rate to rise, partially to humiliate the GOP with their tax pledges. When it comes to additional spending cuts, the Dems are making the paltry offerings.
Look at last year. A 2% tax increase was at stake, and the GOP caved after trying to get concessions for 2 months. Now a 4% tax increase is looming, but neither side is willing to bargain. Perhaps the threat needs to be bigger, like a full government shutdown, before these bitter opponents stop grandstanding.
By the way, I'm not talking about just the GOP. The Dem offer is at the same level of blind stubbornness as the GOP position is. Did we just reelect this brats? I'm afraid so.
Man the trenches!
Image: wattwork. blogspot.com
Extras. The Ryan budget cuts: broadly outlined without specifics (p.64). A thumb guide to the stages of negotiations.