[O]ur position in the House has been we support the tax cuts for the middle — for everyone, but not an additional tax cut at the high end.
It’s too costly. It’s $700 billion. One year would be around $70 billion. That’s a lot of money to give a tax cut at the high end. And I remind you that those tax cuts have been in effect for a very long time, they did not create jobs.
So far, so good; that last point is especially effective. Now let’s see if it holds. There’s still a lot of kabuki in Washington.