Given that most elected Republicans personally don’t support higher taxes on the rich, their based doesn’t support an increase and their donors don’t want to see their taxes go up, the Republicans in congress have basically no incentive to vote for a tax increase of any kind.

Since entering the election year President Obama hasn’t taken many concrete steps to reignite enthusiasm among his potential supporters beyond adopting a tougher rhetorical tone about inequality and criticizing the Republican candidates’ positions. It seems the Obama campaign so far is mainly banking on a “but the other guys are so much worse” strategy to [...]