Help us Senator Obi-Wan Kenobe - You're our only hope

With the Republican House tying itself up in knots over a deal to avoid the fiscal cliff, the last chance to reach a deal may lie with the Senate where GOP members are more open to tax increases. New York Times: Senators Kay Bailey Hutchison of Texas and Johnny Isakson of Georgia, both Republicans, implored Senate leaders to reach an accommodation with Mr. Obama when Congress returns on Thursday, even if that meant that taxes would go up for those with high incomes and that spending cuts would be put off. Mrs. Hutchison, appearing on the CBS program "Face the Nation," said the tax cuts signed into law by President George W. Bush should be extended "at a reasonable salary level." "We can't let taxes go up on working people in this country," she said, backing Mr. Obama's calls for a stripped-down temporary measure. "It is going to be a patch because, in four days, we can't solve everything." [...] It also shifted the action to the Senate as the last hope to stop more than...(Read Full Post)

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