Republicans Get Even Weirder

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We have a shiny new offer on the table from the supercommittee Republicans:

Under the proposal, Republicans would agree to limit certain itemized tax deductions in return for a permanent reduction in marginal tax rates. This would not just extend the 2001 and 2003 tax cuts, but reduce the rates that apply to each additional dollar of a taxpayer’s income.

In other words, its net effect would be to lower tax rates on the rich and, almost certainly, reduce revenue and make the deficit worse. In return for this, Democrats would get — what? Bigger spending cuts to make up for handing over more money to the rich?

It’s easy to be snarky about this, but seriously: what’s the deal here? Republicans can’t possibly think this would be a more attractive deal than simply doing nothing, can they? So what is this? Evidence of a Michael Corleone-style of negotiation? Plain ignorance of what their own plan would mean? Open contempt for Democrats? A rational belief that Democrats are terrible negotiators and might buy their plan out of desperation?

What’s going on here?

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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