Republicans: Let’s go over the fiscal cliff!
There has been much talk recently about how one side or another should deal with the fiscal cliff. The Democrats are a lost cause (at the moment) when it comes to fiscal matters. This is most evidenced by the absolutely ridiculous proposal made by Obama’s team.
So this is my suggestion to the Republicans. Just announce now that if the president’s people do not put forward a serious proposal that involves massive spending cuts that the fiscal cliff will be gone over.
And it is a good thing.
Why? Because we need to cut all of that spending anyway. It is not even enough. It is a down payment on the spending cuts that are really needed. So the automatic spending cuts are a good thing. Then what about the taxes?
Well, the Republicans should announce now a tax cutting bill they plan to put on the president’s desk that lowers middle class taxes further than they are today. Not the “rich”. Leave them to a separate debate at that point. Furthermore it should massively simplify the tax code. The president will not be able to resist a further cut on the middle class.
The result? The taxes that need cutting will be at least partially cut. The spending which needs cutting will be at least partially cut. A step will have been made in the right direction. Raising tax rates on anyone is foolish and far from “fair”, but if the President is insistent on this point, the Republicans can just let it happen through the automatic mechanism without giving ground on an important principle.
We need taxes cut and we need spending cut. Going over the fiscal cliff and immediately putting a Republican bill to the Senate that lowers tax rates for middle class will achieve positive steps we so desperately need.