The spectacle of President Obama practically having to beg Republicans to approve a tax cut beggars the imagination. So when I read last night that the House GOP had decided to turn down the latest payroll tax compromise, I was left speechless. Thus the silence on the blog. This morning, then, I'll turn over the mike to Greg Sargent, who's made of sterner stuff than me:
Conservatives have a variety of explanations for opposing the compromise. One is that it’s only two months. But as Ezra Klein and Steve Benen point out, they won’t agree to a clean year-long extension, which is why the shorter-term one had to be negotiated in the first place. Another claim is that the Senate deal isn’t really a compromise, as GOP Rep. Tom Cole put it. But Republicans got their number one priority — the Keystone XL pipeline — included in the deal, while Democrats dropped their number one demand, i.e., that the extension be paid for by a millionaire surtax. Senate Republicans overwhelmingly supported the deal. If this deal isn’t a compromise, then the word has lost all meaning for conservatives, which may be the real story here.
A third reason is that a two-month extension is bad politics for Republicans. On a conference call, House Majority Whip Kevin McCarthy reportedly argued against the compromise partly because it would allow Obama to again browbeat Republicans into extending the tax cut during his State of the Union address in January. Such balanced priorities!
In any case, my advice is the same as always: just pass the tax cut without paying for it. That's both the best and the easiest option. You'll be doing the country a favor and you'll be home in time for the solstice.