The Marker

Obama: In December, I agreed to extend the tax cuts for the wealthiest Americans because it was the only way I could prevent a tax hike on middle-class Americans. But we cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society. And I refuse to renew them again.
Kevin Drum:Question: is Obama laying down a marker in hopes of getting a bill that extends only the middle-class cuts? Or is he laying down a marker knowing that Republicans will refuse to budge and therefore the entire Bush tax cut package will expire?
Lemkin: He is putting the onus of middle class tax cut extension or expiration squarely on the GOP House, which is where it should have been all along. We would have had a very different outcome last time around if this had been the shape of the negotiation. There is very real power in pursuing a “do nothing” approach if Obama and the Democrats at large will just deign to use it. Shrill, I know, but following such a path would really punish the GOP and force them to come out squarely against their own stated goals again and again and all in defense of the very richest people on the Earth.