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December 03, 2012

Roles Reversed on Budget Talks

First Read: "What is striking, however, is that Democrats and Republicans now find themselves in COMPLETELY OPPOSITE places than they were in 2011. A year ago, Republicans were the ones - after their victory in the midterms - who had the political winds at their back and felt like they had the mandate. Now it's the Democrats. In 2011, Republicans were the ones with more detailed plans about spending cuts (think the Ryan plan). Now it's the White House with a more detailed plan. And back then, Republicans had the leverage with the debt ceiling. But now Democrats are the ones with the leverage, because of the expiration of the Bush tax cuts."

Meanwhile, Greg Sargent notes, "If we do nothing, Democrats will get their way. All the tax cuts will expire, and Dems can come back and push a new tax cut just for the middle class -- a circumstance that will only increase the Dems' leverage further."


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