Tim Fernholz is a former staff writer for the Prospect. His work has been published by Newsweek, The New Republic, The Nation, The Guardian, and The Daily Beast. He is also a Research Fellow at the New America Foundation.
Whereas it seemed Democratic House Leadership was prepared to do the right thing and force a single vote on extending the middle-class tax cuts, the Senate's effort to do the same may fail because of a lack of votes. According to The Washington Post, here are their excuses:
Democrats acknowledged that such a bill is unlikely to pass the Senate, where Republicans -- and at least half a dozen Democrats -- are arguing that it makes no sense to raise anyone's taxes when the economy is so weak.
It's the GOP strategy: Cut taxes, get into a lather about high tax rates, repeat. (I've left out the part about blowing up the deficit.) Here, influential House Republican Mike Penceputs the strategy into action:
In my variouscritiques of the working paper released by the president's Fiscal Commission, I've been careful to note that we really need a better analysis of the distributional effects of the tax-reform plan before pulling out our jump-to-conclusions mats.