The author is a Reuters columnist. The opinions expressed are his own.
Thanks to Republicans who signed Grover Norquist’s pledge never to raise taxes, your taxes are automatically scheduled to go up in January — unless you are a plutocrat.
The law that created the congressional super committee set a target of this week for reducing budget deficits. The committee failed to meet the target.
Republican members were willing to cut programs that benefit millions, but they would not raise taxes on the hundreds of thousands of families whose annual income is in the millions and, in a few cases, billions of dollars.