Among other things, the bill delays some of the decisions that have been holding things up for two months. In other words, our elected leaders plan to put themselves and this country through this again in two months. All because they couldn’t manage to do their jobs now.
Evidently, if Vice President Biden didn’t have the personal relationships with various senators that he does, we wouldn’t even have this compromise. The message in this, so far as I’m concerned, is that maybe civility does have a place in better government. This hate-filled what’s-in-it-for-me brinksmanship certainly isn’t doing us much good.
An ABC News article that explains the real issues behind this fight surprisingly well says in part:
Going over the “fiscal cliff” may seem irresponsible and self-destructive for the nation as a whole, but it’s a politically logical, self-preserving step for many individual lawmakers.
They come from districts where ideological voters abhor tax hikes, or spending cuts, that anybipartisan compromise must include. Many of these voters detest compromise itself, telling elected officials to stick to partisan ideals or be gone.
That’s why the fiscal cliff is just one in a continuing string of wrenching, demoralizing impasses on tax-and-spending showdowns, which threaten the nation’s economic recovery.
A breach of the fiscal cliff’s midnight deadline became inevitable late Monday when House leaders said they couldn’t keep waiting for the Senate to send a bill their way. The House may reconvene in a day or two to vote on a White House-blessed deal to curtail the new package of tax hikes and spending cuts, which technically start with the new year. But it’s painfully apparent that partisan warfare sent the government past a line that could alarm financial markets and further undermine faith in America’s leaders, at home and abroad.
Meanwhile, the political realities that made a bigger solution impossible will not change any time soon. That raises red flags for upcoming fiscal clashes, especially the need to raise the government’s borrowing limit in a few months to avoid defaulting on federal debt …
… The vast majority of congressional Republicans have vowed never to approve higher tax rates. It’s no idle promise. Many of them preferred to let the fiscal cliff deadline pass, causing tax rates to rise on nearly all American workers, at least for a time. Then, presumably this week, they can vote to cut taxes for around 98 percent of Americans, rather than vote in December to raise rates on the richest 2 percent and avoid the cliff. (Read more here.)
What that last paragraph means is that the House Republicans have deliberately left the country go past the fiscal cliff. The reason is that, since the effect of doing this is an automatic raise in taxes on ordinary Americans, they will be voting for a tax cut when they pass the Senate compromise bill.
It’s all a shell game designed to let them say that they voted to cut taxes on their campaign pieces. That’s why they’re putting this country through this.
A CNN article describing the compromise bill and the legislative process it faces says in part:
(CNN) — If a Senate deal to avert the fiscal cliff becomes law, all but a sliver of the U.S. population will avoid higher tax rates, some key issues will be put off for two months, and all sides in the battle will emerge with a mixed record: winning key points, while ceding ground on others.
The deal, which passed the Democratic-controlled Senate in an overwhelming 89-8 vote in the middle of the night, would maintain tax cuts for individuals earning less than $400,000 and couples earning less than $450,000. Technically, it would reinstate cuts that expired at midnight.
It would raise tax rates for those over those levels — marking the first time in two decades the rates jump for the wealthiest Americans.
The bill faces an uncertain future in the Republican-controlled House. GOP members planned to meet at 1 p.m., two aides told CNN.
“The purpose of this meeting is to review what the Senate has passed, discuss potential options, and seek member feedback. No decision on the path forward is expected before another member meeting that will be held later today,” one GOP leadership aide said. (Read more here.)