Harry Reid: Filibuster Reform Will Be Pursued In The Next Congress

[Bricker]

@MEBuckner

The tax cuts sunset at the beginning of 2013. That’s already written into the law. Pretty much nobody in power in either party thinks that just letting taxes go up on everybody is a good idea. Of course, people always want their taxes to be cut, and therefore politicians always like to cut taxes, but given the still-sluggish state of the economy, there is a broad consensus that (notwithstanding deficits), keeping taxes low is in fact good policy and not just good politics.

So, everybody’s taxes are higher as of the beginning of 2013. Nobody has to do anything to raise taxes on the rich, and on everybody else. That tax increase (that is, the expiration of the lower taxe rates) is a done deal. President Obama and the Democrats want to cut taxes for 98% of the population. In fact, the (Democratic-controlled) Senate has already passed legislation to do this, and the President has called on the (Republican-controlled) House to pass the Senate’s bill so he can sign it and cut taxes for 98% of Americans.

We shall see what the Republicans want to do.

And ninety-nine wolves and one sheep vote on what’s for dinner.