Taxes

Ezra Klein walks through the current standoff here. I think that the Democrats clearly have the advantage and there is no reason to not wait until January 1st to work on all aspects of the fiscal cliff including the raising of the debt ceiling. A simple framework is not the answer in the short term. There will be an inherent pressure to get a deal done after the changes have come into place rather than before. We may not like it but that is the reality of human compromise.