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
- Outrageous waste: You overpaid by how much? - 8
- City summer: Check out Manchester - 0
- Ignoring Lyme: What are state, towns doing? - 2
- Sentence fragment: Coco's cuckoo release - 2
- Ban fireworks? Get serious - 13
- Praising freedom: While curtailing it - 16
- Fergus Cullen: No politics buffer zone - some want issue unsettled - 7
- The perfect winner: Mrs. Craig gives when she receives - 0
- A sacred rite denied: Partial justice in Marriott murder - 0
READER COMMENTS: 0
- Portland takes first of two from NH Fisher Cats Saturday - 0
- Readers' Choice winners say public vote is meaningful - 0
- Amherst mini-golf course is readers' top choice - 0
- Twins Smoke Shop focuses on good cigars, happy clients - 0
- 'Backstage' NASCAR passes are fans' delight in Loudon - 0
- Motorcyclist killed, passenger injured when hit by car in Manchester accident - 0
- Bicyclist injured when hit by car in Hudson - 0
- Police hope for driving dream, but prepared for driving nightmare in Loudon - 0
- Police investigate serious accident in Manchester - 0
New Hampshire events starting on July 13
Houston hands Red Sox a loss Saturday
VA woes across the country led NH to reforms
With the NASCAR fans, Jr.'s The Man
The U.S. is a beacon still
Bicyclist injured when hit by car in Hudson