Taxes—What Mandate?

A bit more from the Senate Minority Leader.

Let me put it very clearly.  I am not willing to raise taxes to turn off the sequester.  Period.

Despite President Obama’s continued demonizing rhetoric at the expense of concrete proposals, Senator McConnell is quite clear:  tax revenues can be raised, by closing loopholes or by capping total deductions above an income level (a Romney idea being floated), but there can be no rate increases, and any revenue increases can come only in conjunction with tax reform and, insist other Republicans, with entitlement reform.

What Democratic proposals are there in opposition (or even rough conjunction)?  Obama is characteristically silent, reluctant to put his own name to anything concrete.  Senator Charles Schumer (D, NY) has a sort of idea, though, that’s pretty clear: Republicans should give up on tax reform that lowers rates in return for fewer loopholes; they should accept high(er) rates and closed loopholes.

There’s more of that bipartisanship, Progressive style.

In the end, though [emphasis in the original],

[W]e Republicans in the House and Senate think we have a voter mandate not to raise taxes.

Taxes and the Fiscal Cliff

As Senate Minority Leader Mitch McConnell (R, KY) pointed out the other day,

[T]here is no consensus on raising tax rates.

Additionally, McConnell reminded us

[W]e still have yet to hear an actual plan from the president for addressing the great economic challenges we face.  What’s needed now is a realistic and specific proposal from the president that can actually pass the Congress.

Indeed, we haven’t heard anything President Obama in the way of a specific plan, beyond two budget “proposals” from the last session that can only be taken as having been improv satire.

McConnell laid down his marker, and it’s a correct one:

One issue I’ve never been conflicted about is taxes.  I wasn’t sent to Washington to raise anybody’s taxes to pay for more wasteful spending and this election doesn’t change my principles.

Is Obama serious or not about recovering our economy?  We’ll find out in the coming days.