I’d like to thank White House Press Secretary Jay Carney for giving me so much material to work with in his press briefing today.
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More on tax reform: Schumer v. Baucus
Watch for any signs of Camp-Baucus-Hatch cooperation as they try to forge an alliance while being pulled apart by their respective caucuses.
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Tax reform in the Senate
Senator Schumer recently said the Senate Democratic majority will pass a budget resolution, in part so it can create a reconciliation instruction to pass tax reform with a simple Senate majority. This is important.
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A good first step that is already working
The House bill fits well with the strategy I advocated last week. I hope the House passes it tomorrow.
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WSJ op-ed: How to Wage the Debt-Ceiling Fight
I have an op-ed in today’s Wall Street Journal: How to Wage the Debt-Ceiling Fight.
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Reactions to the President’s debt limit comments
The primary leverage Congressional Republicans have on this bill is the size and duration of an increase, not the ability to deny any increase. The President will pay to do this infrequently.
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Raise the debt limit and cut spending
I’d like to explain why I think “payment prioritization” proposals are bad ideas, why and how Congressional Republicans should support a debt limit increase, and why they need to be smart about how they push for spending cuts.
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Definitions of fiscal deadlines and consequences
There are some technical terms being thrown around indiscriminately in the press. This is a quick clarification so you know how to distinguish among them.
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A modest debt limit strategy
Either the President accepts and Republicans pound on the “Democratic debt limit increase” message every three months, or he agrees to cut spending. Either way, default risk is eliminated. Republicans will look responsible because they will be acting responsibly, and the markets couldn’t care less about which Members take political heat for casting these unpopular votes.
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The venue shifts
Since the Speaker announced plan B at the beginning of the week, the venue for substantive negotiations has shifted from Obama/Boehner to a standard House/Senate dynamic.
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30 January 2013 

