Posted on December 10th, 2010 by D. Aristophanes
There’s been a lot of serious-pants stuff going on ’round here lately and for that I apologize. But the times, they are a ‘blowing. I’ve been spending a lot of time over at Balloon Juice, the Washington Monthly and elsewhere to bicker about the current tax-cut imbroglio. It’s depressing. But maybe all of this shouldn’t be quite so discouraging.
Lefties haven’t been at each others’ throats to this extent since at least the health care debate, by my recollection. And before that, the circular firing squad was last seen in such full effect during the 2008 presidential election. It’s useful to remember what we got out of those pissing matches — HCR and the friggin’ presidency.
So there can be an upside to these internecine fights.
And we should also remember that Obama’s Grand Bargain was only made public on Monday. We all needed time to actually figure out what it meant and to vent about the concessions that we found most odious. So yeah, harsh words are going to be exchanged in that sort of climate.
Here’s what I think needs to happen going forward:
– The coulda-woulda-shoulda stuff has to end. By now, we all recognize that the Dems should have dealt with the tax plan before the mid-term elections. Hell, they should have dealt with the Bush tax cuts in early 2009. But it’s not helping today’s efforts to keep hammering on that. We suck, we get it.
– There’s still time to try for a better deal. Yes, the clock is ticking on the lame-duck session. But it’s not midnight yet and we don’t need to ram the compromise through the day before yesterday. We need a stand-alone bill on UI benefit extensions to at least get Senate Republicans on record as blocking help to some of the most vulnerable Americans during the most painful recovery since the 1930s so they could give tax breaks to rich people. We need to figure out what parts of the current compromise might be adjusted more to our liking (a better deal on the estate tax? extensions for the 99ers? etc.) before blinking.
– All the non-tax deal parts of the Dem agenda for the lame-duck session are casualties. It sucks. DADT repeal would have been awesome, but it obviously wasn’t guaranteed even if a tax deal had been struck by now. There is blame a’plenty to go around for this state of affairs. But now the task of getting taxes/stimulus/help for the unemployed as right as we can manage before the bar closes is really the only game in town.
– We have a fundamental difference of opinion on what the ‘long game’ is. For Obama and the compromise proponents, it means swallowing some crap today in the form of worse deficits, sharper wealth disparity and less-than-optimal stimulus while battling for major structural reform on the tax code in the years to come. For opponents, it means swallowing some crap today in the form of less (or even no) short-term relief for Americans and the ensuing political fallout while leveraging the more robust revenue picture that emerges to better protect or even enlarge important social programs down the line, in the face of a more powerful GOP that wants to end them.
This is a serious difference of opinion, but we should realize that both sides believe they are arguing in good faith. Sure, a lot of ‘purity trolls’ want to stick it to the rich after watching them collect record bonuses while the economy they were pillaging went down the shitter. And there is actually a strategic value to finally saying, ‘stop!’ to the widening gap between the rich and the rest of us, even if by doing so you are measurably hurting the non-rich in the near-term. But spite isn’t really what’s driving compromise opponents. Nor are they happy about the prospect of losing the good parts of the compromise like UI if the whole thing goes down in flames. They just think the price paid by letting the Bush tax cuts expire is not as terrible as the price paid by the compromise.
For their part, compromise proponents — at least the ones I’ve had exchanges with — really do believe that a battle for reforming taxes to our liking can be had with the GOP in the coming years, and won. They point to Clinton’s success at raising taxes and say it can be done again. They believe the Obama White House has the will to take on the GOP with this issue. And, most interestingly to me, some make the point that a systemic overhaul is where the real fight is always going to have to take place, because the baseline income tax rates are not where the reality of wealth disparity occurs but rather it’s in the loopholes and in the capital gains tax and such.
As a side note, a sort of counter-intuitive third take from an unnamed House Dem was reported by EJ Dionne in his column today. This House Dem is actually FOR the compromise because he thinks Obama LACKS the stones for a fight on tax reform with the Republicans, and he figures that the compromise is as good as it’s ever going to get for Dems anyway.
– Finally, we’re going to have to all come together again, regardless of what happens. Whether the compromise goes through or if the tax cuts simply expire, we’ll again have a choice. We can simply declare whatever happens to be a pile of shit, or we can look on the bright side and call it a shit sandwich. Because at least you get a couple of pieces of bread with your shit sandwich.