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Tax Politics Post Cliff



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Margaret Carlson and I write about the deal here. From my entry:

I do think Democrats have made one major miscalculation. The pro-deal Democrats think thatthey have set a precedent for getting Republicans to agree to future tax increases — thatGrover Norquist’s pledge is dead. This is a fantasy. This tax increase happened only because a bigger one was scheduled to take place. Republicans are not going to vote affirmatively to raise taxes, especially after taxes just rose. The deal makes future tax increases less likely, not more.

 



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