University of California professor Robert Reich said Tuesday night that Republicans would be the losers if Congress failed to negotiate a deal to avert the so-called fiscal cliff.
“I think we are moving in the right direction and we are moving in the right direction because the Democrats are holding most of the trump cards,” he said. “If nothing is done, remember, we go back to the Clinton tax rates of the 1990s, which were not all that bad, in fact the economy did quite well under those tax rates. If nothing is done, basically the Republicans lose.”
“And, if the Republicans try to make a case that they are not going to vote for an extension of middle class tax cuts unless the rich also get a tax cut that puts the Republicans in the position of showing America that they are going to hold the middle hostage and they sure are shills for the very rich — something that a lot of people suspect anyway, but that kind of demonstration is not going to be good for the GOP,” Reich added.
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