The tax cut trap

We hear the White House is now floating a compromise that would extend the middle-class tax cuts for four years, and those on higher earners for only two years. We hope the GOP doesn't fall for what is a transparent scheme to make it easier to let the rates on higher earners expire the next time around. If Mr. Obama wants a deal on taxes, Republicans should demand that he cooperate on pro-growth tax cuts, or a tax reform that lowers rates in return for ending loopholes...

The policies of spend, tax and regulate have undermined the recovery, causing capital to flee to Asia or the sideline and employers to forswear or delay new hiring. The American public has listened and watched and is slowly concluding that the hope they placed in these "progressive" policies was mistaken. This political reality is slowly dawning on Democrats, which is why so many of them are now denying paternity for the policies of the last four years.

The Democratic Tax Retreat