Advancing a Free Society
In the debt-limit debate, we’ve been hearing a lot about how a “grand bargain”-style solution with tax increases can’t pass the GOP-controlled House. That’s true. But here’s the issue that’s being neglected: Can a tax increase pass the Democratic majority Senate? Without a realistic possibility of Senate support for tax hikes, the whole revenue side of the discussion ceaselessly promoted by the White House dissolves into meaninglessness.
The problem is electoral politics. Democrats have 23 Senate seats up in 2012, counting the two independents who caucus with them. The GOP has 10. Of the 23, as of now six are retiring. That leaves 17 who will be facing the voters in bids for re-election. Continue reading