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Bill Kristol Goes All In on Taxing the Wealthiest

SO WE now hear from the vanquished.

From Huffington Post, reporting on Sunday:

“It won’t kill the country if we raise taxes a little bit on millionaires,” he said on “Fox News Sunday.” “It really won’t, I don’t think. I don’t really understand why Republicans don’t take Obama’s offer.”

“Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic and half of whom live in Hollywood and are hostile?” he asked.

What are the Democrats willing to bargain? If they get a deal on revenue will they relinquish their duty to protect entitlements? That’s a separate conversation, but worth remembering in the context of Kristol serving up revenue. What Kristol’s move could inspire from Democrats matters, especially if their job to protect Social Security softens.

However, if you ever needed a sign that the Reagan coalition has collapsed this is it.

Twenty years ago during the Clinton era, Kristol wouldn’t budge on taxes, though that was after daddy Bush went back on his tax pledge and got beat by the hick from the sticks.

How the rabble on right wing radio is likely to react is fairly predictable, but what power they have to raise a ruckus is a lot more interesting to ponder.

A lot has been written about a “coming civil war” among Republicans, something I’ve always believe if comes will be predicated on smoke and mirrors. However, we’ll soon see if this starts it.

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One Response to Bill Kristol Goes All In on Taxing the Wealthiest

  1. Cujo359 November 12, 2012 at 3:34 pm #

    “What are the Democrats willing to bargain?”

    A progressive Administration would offer up the defense budget, particularly the portion spent on facilities in our nation’s interior. Going by Kristol’s own logic, why should we continue to spend a disproportionate amount of our money in places that will never vote progressive as long as they’re recipients of so much federal workfare?

.... a writer is someone who takes the universal whore of language
and turns her into a virgin again.  ~ erica jong