Live, in the Iowa debate, all the Republican presidential hopefuls took the “no tax increases” oath.
[Update: The day after the Iowa straw poll, Tim Pawlenty dropped out. Rick Perry jumped in, and yes, in the September 7th debate he joined his ultra-conservative counterparts by raising his hand and taking the oath. Ross Perot has yet to be sighted.]
The moderator repeated the question, upping the stakes, asking if they would take a ten-to-one deal. Not one of them would. For clarity, he even asked them to raise their hands if they would refuse such a deal. They all raised their hands like good little Grover Norquist marionettes.
To me, this was the most revealing part of the debate. It means even if a bill offering 5 trillion dollars in cuts linked to only 500 billion (about half of what would be raised by allowing the Bush tax cuts to expire) in new revenues came to their desk, they wouldn’t sign it. Such rigid ideology is not what this country needs and it’s not what the public is looking for. A majority of Americans favor higher taxes on the upper crust as part of a balanced approach to deficit reduction. None of the candidates on stage wanted to acknowledge that, not even Romney, who used just such a balanced approach to help balance the budget in Massachusetts.
Last week’s Standard and Poors announcement specifically listed the Republicans’ unwillingness to budge on revenues as a major reason for the downgrade. It appears none of the candidates even read the report. Or they don’t understand it. They continue to push the policies, lower taxes for the richest Americans and de-regulation, which led us here in the first place. They seem more interested in keeping their pledges to the kingmakers on “K” Street than fixing the problems on main street.
Hopefully, when Rick Perry enters the fray this weekend, he’ll bring Ross Perot and some pie charts along with him.