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
- George Will: Regulatory overkill everywhere - 0
- Another View -- Marilinda Garcia: Ann Kuster loves Obamacare but won't pay for it - 33
- John Stossel: Earth Day is more like Earth Daze - 3
- Drew Cline: Rand Paul's coalition vs. Ted Cruz's army - 5
- Another View -- Jeff Goley and Will Infantine: Time for an increase in weekly benefits for NH unemployed - 4
- George Will: Understanding our divisions - 0
- Jonah Goldberg: Attorney General Eric Holder's race card - 0
- Another View -- Bobby Jindal: NH should trust parents to choose schools - 14
- Charles Arlinghaus: A $400 million hole was just blown in the state budget - 5
READER COMMENTS: 0
- Garry Rayno's State House Dome: It's time to make legislative sausage - 0
- Memory of bombings remains vivid for those who were there - 0
- Ted Siefer's City Hall: No power play in aldermanic chambers, mayor in good spirits - 1
- On Baseball: Locke pitches game in minor league rehab - 0
- NH's top prospects happy to be part of Boston - 0
- Relative newcomers vie for Boston title - 0
- NH College Notebook: Franklin Pierce's King named to 18U coaching staff - 0
- Andy Schachat's On the Run: New Hampshire makes a big deal about Boston Marathon - 0
- Another View - Ahad Fazelat: How Medicare reimbursement numbers are misleading - 0
Man electrocuted at Keene brush fire
A cellphone ban: Ignoring inconvenient data
Mike Cote's Business Editor's Notebook: Restaurant owner faces up to challenge of Obamacare
'He is risen': 'As he said'