"VIDEO: Deja Vu All Over Again — GOP Intransigence On Taxes Edition"
As the deadline nears for the Congressional super committee to finalize a deal to address the nation’s deficit, it’s becoming increasingly apparent that Republicans and Democrats on the committee will be unable to reach an accord. By now, the nature and cause of the impasse should be bitterly familiar to most Americans: Congressional Republicans refusal to consider tax increases as a means to reduce the deficit. After insisting on an extension of the Bush tax rates for the wealthy — which alone will blow at least a $670 billion hole in the U.S. budget — and receiving an agreement from Democrats to cut nearly a trillion dollars in spending, Republicans have offered a paltry $300 billion in new revenue. At the same time, the top Republican on the committee has declared that every “penny” in additional revenue is a “step in the wrong direction.”
This dance should by now be familiar. This past summer, during the debt ceiling negotiations which produced the super committee, the Republicans nearly drove the country into financial default by refusing to allow tax rate increases even as they insisted that Democrats make up the difference in deficit reduction through trillions in destructive spending cuts. Indeed, Standard & Poors specifically cited the GOP’s intransigence on revenue raising when it downgraded the United States’ credit rating.
And before that, in a budget deal hammered out last December, Republicans established their ongoing theme by refusing to allow the Bush tax cuts to expire for even the top brackets — at a cost of $133 billion, and benefiting a mere 4.8 million people.
ThinkProgress has compiled the video evidence of the GOP’s singular ongoing obsession. Watch it: