Academic

CHANGE: Bill preventing big tax hikes heads to Obama. ?The president is expected to sign the bill ?

By Glenn Reynolds

CHANGE: Bill preventing big tax hikes heads to Obama. “The president is expected to sign the bill this afternoon.”

Related: Obama’s comeback has just begun. Well, possibly. I really think Krauthammer’s missing the point on this one. If Obama had embraced this deal, he might have something, but instead he said it stinks. That’s lousy triangulation.

Related: A good sales job, but whose policy was Obama selling? “The Democrats voted for Obama?s deal, but Obama?s deal consisted of endorsing the tax rates proposed by George W. Bush in toto. Not just the income tax rates, either, but also the capital-gains tax rates that Obama insisted on raising during the 2008 campaign to either 20% or 28%. In the end, those tax rates got more votes last night in a Democratic-controlled House (277) than they did in the GOP-controlled House in 2001 (230), and more Democrats voted to extend them than Republicans, 139-138. If that?s a victory for Obama, may the next two years be filled with such victories.”

Even Politico calls it “capitulation.”

Full post as published by Instapundit.com on December 17, 2010 (boomark / email).