GOP Counters with $800 Billion Tax Hike
Today, House Republican leaders cited Bill Clinton’s former chief of staff Erskine Bowles while offering up $800 billion in tax increases. The Heritage Foundation said, the offer “appears little more than categorical, pre-emptive capitulation.”
Not only does the offer place tax increases squarely on the table, but also it completely abandons much-needed entitlement reform, saying, “we recognize it would be counterproductive to publicly or privately propose entitlement reforms that you and the leaders of your party appear unwilling to support.”
Heritage’s Alison Acosta Fraser and J.D. Foster, Ph.D. go on to say, “rarely in modern American politics have more counterproductive, more foolish words been set to paper.
Indeed. The proposal is bad policy, bad politics and a highly questionable negotiating tactic.