Stephen Moore of The Wall Street Journal interviewed Senate Minority Leader Mitch McConnell, who talked tough. “I am not willing to raise taxes to turn off the sequester. Period.” He said Sen. Chuck Schumer is “on another planet” to think Republicans would just raise tax rates and close loopholes.
Moore noted this is a negotiating position. “This isn’t to say that next week, when the lame-duck congressional session begins to negotiate some kind of budget solution, taxes are off the table. Mr. McConnell is a realist.” And Obama will come looking to strike deals with moderate Republicans:
It isn’t at all certain that Mr. McConnell and House Speaker John Boehner will be able to hold their troops together. The senator understands that Mr. Obama will try to cut a deal with other senators—Lamar Alexander of Tennessee, Susan Collins of Maine, Lindsey Graham of South Carolina—but Mr. McConnell doubts that the tactic will work. “We have differences on other issues, but on taxes I can’t think of a single member of my conference from Maine to Texas who thought he was sent here to Washington to raise taxes on anybody or anything.”