Wednesday, July 6, 2011

Evening Wrap, 7/6

The Republicans may not agree to a tax increase. That, according to Jay Cost. This may seem like the logical argument, but the political one will be the one that counts. If they look too unreasonable, they will run the risk of losing the argument.

I suspect that the best strategy is finding a way to deal with out of control spending as a price for a tax increase. The way could be a balanced budget amendment. If there is ever going to be one, now is the time.

The price of a tax increase should be high. They should make it so. Therefore, a tax increase should not be taken off the table. If they can get enough concessions from the Democrats, a tax increase can be justified.

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