New York Times Washington bureau chief David Leonhardt appeared on The Diane Rehm Show on NPR Friday and purveyed Washington's conventional wisdom about how Republicans were losing the battle of the "fiscal cliff." Leonhardt also foresaw "the end of the great era of American tax cutting."
After Laura Meckler of the Wall Street Journal brought up Republican Rep. Tom Cole taking Obama's position, Leonhardt responded: "And that is a very big deal because while the fiscal cliff talks at most have been happening behind the scenes, what President Obama has talked about the most in public is pushing Congress to vote on this extension of the Bush-era tax rates for, he says, 98 percent of the American people. The fact that Tom Cole is a powerful Republican in the House, has said, yeah, let's go ahead with that and then deal with the top 2 percent later. It would be a big victory for President Obama and something that I think many Democrats and outside observers did not expect him to get quite as easily is it looks like it might be on the verge of happening."