Never mind who won the election, Senate Minority Leader Mitch McConnell says the election shows voters want no new taxes.
“Let me put it very clearly,” says the five-term Republican senator from Kentucky. “I am not willing to raise taxes to turn off the sequester. Period.” On Jan. 1, Washington faces both a huge tax increase and an automatic spending cut known as the “sequester,” which could tip the economy back into recession. A newly emboldened President Obama is likely to take his soak-the-rich case straight to the people, I remind the senator. The political pressure to capitulate could become intense.
“Look, he may think it would be helpful to his presidency to continue to divide and demonize us,” says Mr. McConnell. “But my answer will still be short and firm: No. We won’t agree to any tax increases that will hurt the economy.”
…But don’t Messrs. Obama and Reid think they’ve just been given a mandate to raise those tax rates? “Yes, well, we Republicans in the House and Senate think we have a voter mandate not to raise taxes.”