Republicans say protecting tax cuts for wealthy is more important than the deficit

This from Jonathan Cohn at The New Republic:

Does anything matter to Republicans more than protecting tax cuts for the very wealthy? Developments of the last 18 hours suggest very strongly that the answer is no.

As you have probably heard by now, House Speaker John Boehner on Saturday evening informed President Obama that he was no longer interested in pursuing a “grand bargain” on deficit reduction. Such a large deal would have required Republicans to agree to new revenue, in some form. And at least some of that money would have come from higher taxes (in terms of total collections, if not rates) on the very wealthy. No matter how big the Democratic concessions, no matter how risky the prospect of postponing a deal on the debt ceiling, they were not willing to embrace a package that meant higher taxes, particularly taxes on the wealthy.

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About James Crist

How do we stop America's decline? The country is in trouble and we can all feel it. Where did we go wrong? How do we fix it? We now have an auction-based government, for sale to the highest bidder. Politicians have become nothing more than corporate whores and pawns for the rich. If we want our representatives to represent us, let them get their campaign money from us, their constituents. We have to amend the constitution to get the big money out of politics.
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