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“The president should have stood firm on the expiration of the tax cuts on upper-income earners,” said Jim Kessler, vice president for policy at Third Way, a centrist think tank. “First, I don’t think it is good for our economy right now. There are better uses for the money in the short term. ... Second, we can’t afford it. It just means tax increases for future generations. And third, I think the president had the upper hand.”
On this point, Kessler found a rare point of agreement with Adam Green, co-founder of the Progressive Change Campaign Committee, which has been a frequent critic of Third Way's centrist politics.
“The winning blueprint of the White House these two years is to pick smart fights where the American people are overwhelmingly on their side and force Republicans to fight hard,” Green said. “The tax-cut fight would be a perfect place to start.”
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On Capitol Hill, House Majority Leader Steny Hoyer (D-Md.) also is opposed to a compromise that extends the tax cuts for high-earners. “Mr. Hoyer wants to see the middle class tax cuts extended, but not at the expense of adding $700 billion to the deficit to give tax cuts to the wealthy," said his spokeswoman, Katie Grant, referring to the 10-year cost of the high-end tax cuts.
moreSummary: Third Way, PCCC and Steny Hoyer agree that the tax cuts for the rich should expire.
Consensus.
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