Resistance (on Tax Rates) Is Futile
prospect.org — It seems that Republicans are beginning to understand the futility of their opposition to higher tax rates on the wealthiest Americans. It’s hard to overstate the sheer public relations disaster Republicans would face if they held middle-class tax cuts hostage to an extension of rates of upper-income earners, and forced the United States to go over the fiscal cliff. According to a recent poll conducted by Pew and The Washington Post, 60 percent of Americans believe that going over the fiscal would be a net negative for the country, 61 percent believe it would be a net negative for their personal finances, and 53 percent will blame congressional Republicans if a deal doesn’t happen, versus the 27 percent who will blame President Obama. This is why I continue to say that Obama holds most of the cards in this fight.