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President Obama is going to raise taxes on the wealthy no matter what it takes. Republicans are now fully grasping the reality that they won’t get the president to deviate from his position. Additionally, the Republican Party is falling apart at the seams over disagreements in how to deal with the fiscal cliff and whether or not they should allow for new taxes on the rich.
Many Republicans signed a pledge for no new taxes. Critics are saying that they broke the promise by agreeing to allow for certain deductions to be taken out of the tax code. When a party fights so hard to protect the interests of a small percentage of the population, you can smell the manipulation all around you. Even worse, Republicans have convinced their masses that increasing taxes on the wealthy is an absolute small business job killer, when a very small percentage of small businesses are created by wealthy Americans
There is just one month to go in the tense negotiations over the fiscal cliff. Some are saying that the “cliff,” a set of tax increases and spending cuts that are set to take effect if no settlement can be reached, is an imaginary time bomb created by Congress to scare the rest of us.
Obama is insisting that the wealthiest 2 percent of Americans are going to pay higher taxes, no matter what deal is reached. But the president is also concerned about getting resistance from his fellow Democrats if he agrees to any cuts in entitlement programs, such a Medicaid and social security.
The Republican disarray is evident, even at the very top. Republican minority leader in the Senate, Mitch McConnell, won’t even openly support the negotiating tactics of Speaker of the House, John Boehner.
“I think it is important that the House Republican leadership has tried to move the process forward,” McConnell said.
Boehner has been attacked by many leading Republicans, including Jim DeMint, a Senator from South Carolina. He opposes tax increases of any kind.
“Speaker Boehner’s $800 billion tax hike will destroy American jobs and allow politicians in Washington to spend even more,” DeMint said in a statement.
The story will surely get more interesting as the deadline approaches.