War is over (if they want it)
by digby
WITH A HANDFUL of exceptions, every Republican member of Congress has signed a pledge against increasing taxes. Would allowing the Bush tax cuts to expire as scheduled in 2012 violate this vow? We posed this question to Grover Norquist, its author and enforcer, and his answer was both surprising and encouraging: No.
In other words, according to Mr. Norquist’s interpretation of the Americans for Tax Reform pledge, lawmakers have the technical leeway to bring in as much as $4 trillion in new tax revenue — the cost of extending President George W. Bush’s tax cuts for another decade — without being accused of breaking their promise. “Not continuing a tax cut is not technically a tax increase,” Mr. Norquist told us. So it doesn’t violate the pledge? “We wouldn’t hold it that way,” he said.
[J]ust let the Bush tax cuts expire, all of them, and reach the $4 trillion deficit target that way. Now maybe there are some things that, piece by piece, you could substitute out in exchange: defense cuts for middle-class tax cuts, for example. But that’s essentially PAYGO. Just sticking to the CBO baseline, rather than this opulent tax reform plan that makes no sense in reality, seems preferable. And besides, even rich GOP donors are telling their leadership that they want their taxes increased.
Keep it simple stupid — If Emperor Norquist signs off on those tax increases, then everyone should jump at it. As Dday says, they can mitigate the middle class cuts with cuts to defense and we’ve got us a deal! Debt ceiling raised. Deficits reduced. Spending cut. SS saved. All of it will be “off the table” and we can start talking jobs, jobs, jobs.
That’s what everyone wants, right?
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