Following the bipartisan deficit meeting, Vice President Joe Biden declared that revenues must be part of a final deal for raising the debt limit. ”At the end of the day, revenues are going to have to be a part of the deal.”
House Majority Leader Eric Cantor, however, didn’t stutter in his party’s unilateral opposition to any tax hikes. ”I reiterated that tax increases cannot pass the House.” Then, a GOP leadership aide reinforced Cantor’s line in the sand on revenues. ”The one thing we’ve made clear as a non-starter is a tax hike.”
This comes at a time when the Republican Party has lost virtually all resemblance of a traditional political party, in the sense that it’s party discipline rivals none other than the Soviet Union’s former Communist Party.
Their rhetoric opposing any hint of a marginal tax increase has been staggeringly universal, but it’s noticeably fraudulent at the surface.
The Center on Budget and Policy Priorities (CBPP) recently assembled a variety of charts detailing the current tax situation in the U.S. Each and every one of them debunks the so called ‘conservative’ arguments for less progressive taxation, including ‘the Bush tax cuts were across the board’ and ‘businesses won’t invest here because our taxes are so high.’