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In reply to the discussion: John Boehner: GOP Won't Agree To Raise Taxes On Wealthy, Even If Obama Wins Reelection [View all]MiniMe
(21,880 posts)GOP retreat on taxes likely if Obama wins
http://www.washingtonpost.com/business/economy/gop-retreat-on-taxes-likely-if-obama-wins/2012/09/20/49948828-0330-11e2-9b24-ff730c7f6312_story.html
By Lori Montgomery and Paul Kane, Published: September 20
Senior Republicans say they will be forced to retreat on taxes if President Obama wins a second term in November, clearing the biggest obstacle to a deal with Democrats to defuse a year-end budget bomb that threatens to rock the U.S. economy
Republicans have long resisted tax increases of any kind. But taxes are a major battleground in the campaign between Obama and Republican Mitt Romney, Capitol Hill veterans say, and the victor will be able to claim a mandate for his policies.
This is a referendum on taxes, said Rep. Tom Cole (R-Okla.), a senior member of the House Budget Committee. If the president wins reelection, taxes are going up for the nations wealthiest households, and theres not a lot we can do about that.
With Election Day still more than six weeks away and the president holding a thin lead in national polls, Republicans say they are not conceding that an Obama victory is the likely outcome. But they are beginning to plan for that possibility.
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