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Politics, Not Economics, Drives GOP Anti-Tax Stand

By Al Hunt, Bloomberg - July 18, 2011

Vice President Joe Biden, in the heat of the high-level budget deliberations, told Republicans that their intransigence over taxes was a matter of ideology not economics. It’s also about coalitions and contributors.

Congressional Republicans rejected a grand-bargain deficit- reduction plan that would have slashed spending, including on entitlements, while raising revenue. Higher taxes, charged Republicans such as House Majority Leader Eric Cantor of Virginia, would be a job killer in a struggling economy. Cantor pulled the rug out from the efforts of his fellow Republican, House Speaker John Boehner, and Democratic President Barack Obama, to strike this historic deal.

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