A week after Minority Leader John Boehner’s bobble on extension of the Bush tax cuts, Minority Whip Eric Cantor is making sure there is no doubt about his party’s position: “Republicans unequivocally oppose any impending tax increase. House Republicans have called on Speaker Pelosi to allow the House to vote on legislation that would freeze all tax rates for the next two years.” In short, the GOP is not about to let the Democrats out of the corner the White House has painted them into.
Cantor explains the Republicans’ logic:
The reality is that this tax hike is just one more step along the way to creating an anticompetitive new norm in this country marked by bigger government, less growth and structurally higher taxes and unemployment.
The strategy to achieve the progressive left’s endgame is simple. First comes the provocative class warfare rhetoric. Second comes the vast assumption of government control over the economy. Third comes the growth of government spending and entitlements. And alas, higher taxes on our nation’s job creators and workers.
The only way out of this economic morass is through innovation, entrepreneurship and economic freedom. President Obama’s impending tax increase is not just a hike on a few “millionaires and billionaires,” as the White House tries to frame it. Roughly half of all small business income in America will face a higher rate, making this tax increase a direct assault on job creation and innovation.
But there is another reason for the GOP to hold firm: the Obama maneuver has split his party, made his base uneasy, and made life even more difficult for Democrats in unsafe seats (which is practically all of them). The White House has led its party to a position that is both substantively flawed (the president himself declared it foolhardy to raise taxes in a recession) and politically unsustainable. Bad policy meets bad politics. It has certainly been the Democrats’ pattern in the Obama era.