But Mitch McConnell said this wasn’t going to happen [1]!!!
Democratic leaders have had little time to craft a new position for their party since passing a tax deal Tuesday that will raise $620 billion in revenue over the next ten years.
The emerging consensus, however, is that the next installment of deficit reduction should reach $2 trillion and about half of it should come from higher taxes.
This sets up tax reform as one of the biggest fights of the 113th Congress, which began on Thursday.
It’s almost like they woke up this week, reflexively demanded a tax increase, realized they got $620bil… and slapped together another trillion.
Sigh.