President Obama has threatened to veto any legislation that attempts to eliminate the automatic penalties for Super Committee failure. But on January 1, 2013 — the same day the automatic, across the board spending cuts are scheduled to take effect — all of the Bush tax cuts are set to expire. And the White House plans to use the threat of full expiration the exact same way they’re using the threat of sequestration — to force Republicans to accept a higher tax burden on wealthy Americans.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=104163