Home » Opinion » Editorials
The cliff deal: Now, go after spending
The fiscal cliff deal was a disappointment, but Republicans back home who view the deal as some sort of treachery have to be realistic about what was actually attainable.
Republican leaders in Congress were in an extremely weak negotiating position (in which they had put themselves). There was no chance that any deal was going to contain zero tax hikes and genuine spending cuts.
Considering the Republican position, the deal is far less economically harmful than it could have been. It makes permanent the Bush tax rates for the vast majority of Americans and makes it harder to raise rates on anyone in the future. It includes $600 billion in new revenue, which is $200 billion less than what House Speaker John Boehner offered earlier in December and $1 trillion less than what President Obama initially demanded.
True, it leaves spending and the debt to grow, and it failed to halt other automatic tax hikes. But no deal was going to fix the first two problems, and some tax hikes were inevitable with Obama in the Oval Office. Ultimately the deal makes it harder for Obama to demand more tax hikes on the wealthy if we ever get around to discussing real spending cuts and entitlement reform. The GOP's task now is to move forward with serious proposals to take both of those long overdue steps.
READER COMMENTS: 0
- Taken for a ride: Hooksett’s Pinkerton deal - 3
- Bedford’s road bond: A good deal for a big fix - 1
- Legislative ethics: NH way works better than most - 0
- Blue shame: Obamacare's big change - 18
- Obamacare's new trick: Only temporary relief - 21
- Banning cell phones: Impulse shopping in the House - 10
- Bad Joe: Levasseur stalls again - 2
- Good Joe: Kenney for Executive Council - 1
- Insurance exchange: NH Dems, GOP switch sides - 2
READER COMMENTS: 0
- Manchester man who defrauded banks in mortgage foreclosure scheme gets 6 years - 0
- March storm brings accumulation mystery, maybe misery - 0
- Manchester’s Slebodnick stars in Cornell’s title win - 0
- NHIAA Girls’ Div. I final four offers intriguing matchups - 0
- Goffstown voters have lots to consider with schools - 0
- With snow budget depleted, Nashua dips into trust fund - 0
- Manchester CrimeWatch: Graffiti charge keeps teen’s bail from changing - 0
- Police union contract a top concern for Bedford voters - 0
- Proposed school budget creates stir in Allenstown - 0
Taken for a ride: Hooksett’s Pinkerton deal
Manchester schools project budget surplus
Dover man found not guilty of sex assault but convicted of drugging three women in Portsmouth