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Continued: What if the GOP raised taxes and nobody noticed — not even the GOP?

  • Article by: PAUL GUTTERMAN
  • Last update: October 22, 2013 - 7:33 PM

Finally, be willing to compromise. If politics is the art of the possible, the Republican Party has utterly failed. It does no one any good to draw lines in the sand. Some additional small tax increases to obtain serious spending reductions are a good deal.

Such a strategy would reveal that the Democratic Party has no clothes. Either it would have to enact a massive tax increase or finally address the entitlement program dilemma. In one fell swoop the Republican Party will have taken back the political high ground, while at the same time opening the door to true compromise that will be necessary to bring the budget under at least some short-term control. Such a strategy makes political sense.

Of course, we are talking about the Republican Party, so it will never happen.

Paul Gutterman is director of the Master of Business Taxation program at the University of Minnesota’s Carlson School of Management.

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