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Saturday, March 3, 2012

postheadericon Best of budget - combining Tea Party and Occupy

Given Washington’s spectacular political dysfunction, many pundits seemed surprised that Congress extended payroll tax cuts by wide bipartisan margins. But both parties are now somewhat chastened after recent political pratfalls on the economy and taxes.

Many Democrats are beginning to realize that leading with a tax increase message, even taxes on the wealthy, as they did in the Senate last fall, represents a flawed political strategy. As bipartisan budget groups have noted, some tax increases will be needed to deal with long-term U.S. debt, but Democrats should present these as regrettable, while necessary. 

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