So the Repubs are holding the 98% hostage because less revenue will be generated if those making $250K and up have their taxes increased?
No. They're not. All of us are being held hostage by the fact that there are no meaningful spending
cuts involved in any of the Obama proposals. FWIW, the "increases" may only give a temporary revenue bump in the first place. Once in place, behaviors will change in response? and that revenue they supposedly need so badly will be gone. In the meantime, these tax increases do nothing to help the economy - nor will they likely actually shift any of the burden to the rich in the long run. The opposite could very well be true, as it has been historically.
If they have to raise the debt ceiling, they should just do it. Fight the tax increases on another front. If they absolutely have to soak the rich, they don't need the fiscal cliff to do it. The fact that they are tying tax increases to it tells us that the "hostage taking" is going on by the Democrats
. Democrats and Obama don't deserve a pass on this. It's a two way street. I don't think Republicans deserve a pass either.
Both parties are using the crisis to force their agendas. Of course, it's the Republicans who offered to vote on the offer as presented and the Democrats who refused. Who are the hostage takers again? (My answer = both).