Liberalism may be in decline

On Sunday’s broadcast of ABC’s “This Week with George Stephanopoulos,” Washington Post columnist George Will said last week’s last-ditch fiscal cliff deal was a win over liberalism, because it forced Democrats to accept some tenets of supply-side economics — specifically the Bush-era tax cuts.

“I think people will look back on this [as a] deal where liberalism passed an effigy and went into decline for the following reason: The Bush tax rates were passed in two tranches, 2001 and 2003. In 2001, only 28 Democratic members of the House voted for them. In 2003, only seven did. And they did it for only 10 years they were to expire. Under this deal, 172 House Democrats voted to make Bush rates permanent for all but one half of 1 percent of American taxpayers. What that means is that they can no longer tax the middle class.”

Read more: http://dailycaller.com/2013/01/06/g...-triumph-over-liberalism-video/#ixzz2HIRRSxXG