Why Republicans Will Cave on Tax Rates

Byron York: “First, many in the GOP do not believe that
raising the rate on top earners from 35 percent to 39.6 percent (the
rate before the Bush tax cuts) would seriously damage the economy.
Second, they know that most Americans approve of higher taxes on the top
bracket, and President Obama, having campaigned and won on that
platform, seems dead-set on higher rates. Third, they fear that if the
government does go over the cliff and Democrats propose re-lowering
taxes for everyone except the highest earners, Republicans would be in
the impossible position of resisting tax cuts for 98 percent of the
country on behalf of the top 2 percent.“