So Then, Uh, What Was The Point Of The Last Two Years?

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My favorite part of tonight’s fiscal cliff wrap:

In a tremendous irony, Republican requests for lower tax rates, a high estate tax threshold, and a permanent AMT fix; combined with Democratic requests to delay the sequester, include a “doc fix” for Medicare physicians, and extend emergency unemployment benefits; have left the parties negotiating toward a plan that would result in no net deficit reduction over 10 years, according to Senate Majority Whip Dick Durbin.

ABOUT THE AUTHOR

Brian Beutler is TPM's senior congressional reporter. Since 2009, he's led coverage of health care reform, Wall Street reform, taxes, the GOP budget, the government shutdown fight and the debt limit fight. He can be reached at brian@talkingpointsmemo.com
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