Bill Kristol told Fox News today the the GOP should throw in the towel on taxes and give President Obama what he wants:
“It won’t kill the country if we raise taxes a little bit on millionaires,” he said on “Fox News Sunday.” “It really won’t, I don’t think. I don’t really understand why Republicans don’t take Obama’s offer.”
“Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic and half of whom live in Hollywood and are hostile?” he asked.
I think one of two things will happen: a) the GOP will take Kristol’s advice and make the deal before the end of the year, or b) the GOP will force everybody to go over their “cliff”, the Bush tax cuts for all will expire and then in 2013 new Obama tax cuts for everybody making under $250,000 will be passed and signed into law. The outcome will be the same, but one choice will do even more damage to the GOP brand.
Kristol wants to avoid that, but I suspect his fellow wingnuts will embrace “b”.
How about an open thread…