PROVING A POINT
Would increasing the income tax rate by 1 or 2 % on the top income earners actually hurt the economy and lose jobs? I really can't see how it could be a positive act, but we just don't know. Is the Republican Party really only digging in for the elite rich people? I don't think so but we have no evidence to prove otherwise. Is the real issue spending? Yes we have to tackle SS and Medicare / Medicaid.
To me the time to act is now and sooner than later. The Republicans have to concede the 1 or 2 % tax increase now so they can put the pressure on the Democrats to then accept something like the Ryan plan for entitlement's. When and if this increase in revenue shows not to help but to actually reduce jobs and hurt the economy as predicted by the Republicans, then the elections in 2014 will turn the Senate and the House to the Republicans and we can then fix the taxes and benefit programs as intended. We may just have to prove to Americans that Obama's plans just don't work.