“The Democrats have made the Bush
tax rates permanent for 98 percent of the public, which Republicans couldn’t
even do when they controlled both houses of Congress and the presidency...
“Having discovered an effective
political wedge in the tax debate, the Democrats have now basically used it up
and gotten awfully little in return. They can’t begin to acknowledge that the
levels of spending they want to sustain will require a far greater tax burden
on far more people (and in a far more regressive way) than today’s code, and if
they can’t even state what they want out loud then they’re not likely to get
it. Their bluff has been called. The welfare state they want to retain and
expand cannot be funded, and they apparently have no way to do anything about
that.”
-Yuval
Levin, 2-Jan-13
(Link)
The Bush tax cut plan was always overwhelmingly for the middle class: both in terms of the number of people who benefited by having less of their money swiped and in the amount of total dollars saved by the public overall under the plan.
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