The White House has said it wants tax rates on household income above $250,000 to rise, with the other rates holding pat. A full return to Clinton-era rates would have households paying a 36% rate on income earned between $250,000 and $388,000, compared with 33% today, and 39.6% rate on income above that level, up from 35%.
Now, much as I don’t want to see tax rates go up, let me put forward an idea (note this is in the Random Thoughts category) where Republicans could go bold on the issue, say they are willing to compromise with the president on hiking taxes on the “wealthy.”
They could first offer to compromise on the higher rate, say raising the highest rates to a rate half-way between the current rate and the president’s proposal. But, given how Republicans would have to break with their base to do this, Speaker Boehner could ask for a significant concession from the White House in return, say, ending of federal funding for all public broadcasting, that is, requiring National Public Radio (NPR) and the Public Broadcasting Service (PBS).
It would be a bold move and put Democrats on the defensive. Republicans would have be prepared to fight back quickly, wondering why, at a time of trillion-dollar deficits, we are subsidizing television and radio. And remind Americans that many such stations survive in the private sector.
And to show that Republicans don’t want to destroy public broadcasting, Boehner, in announcing his plan, could pledge that as a private citizen, he will donate a few extra bucks to WCET, the Cincinnati PBS affiliate.
Just a thought. And one which put the Democrats on defense.
*federal funding of.
FROM THE COMMENTS: V the K offers an intriguing suggestion: “Make the tax increases expire unless the White House implements spending cuts.”