As Haley

Mean Regression
December 22, 2010

The last few months of 2010 have been illuminating when it comes to the priorities of the Republican Party. By jumping at the Obama-McConnell tax deal, Republicans underscored the fact that protecting the marginal tax rates of high earners—not reducing the federal deficit, and not even denying Obama legislative success—is their party’s primary focus at the federal level. It says something that most conservatives who opposed the tax deal did so on the grounds that it was not permanent, or that it did not completely eliminate the estate tax.