The fight over how to extend the payroll tax cut displays something profoundly misguided about our contemporary politics. On the one hand, the House Republicans are not wrong when they say that Congress should do its work, and its work is to find a way to extend the payroll tax cuts for a full year and stop with the Mickey Mouse compromises like the Senate bill which only guarantees the issue will be re-addressed in two months. On the other hand, the Senate leaders are correct to note that they achieved a broad bipartisan consensus on this particular bandaid and that such a consensus should not be easily cast aside.
On the larger, underlying issue of how to pay for the payroll tax cut extension, both sides are convinced that they have the full and complete truth. The Republicans believe that any tax cuts should be offset by cuts in spending. The Democrats believe that the middle class tax cut should be paid for by enacting a surcharge on the wealthiest of the wealthy, those making more than $1 million per year. You know where my sympathies lay in that debate.