Sure it is, it's one of his promises and one of the tasks democrats are demanding of him. By all measures the rich are taxed too lightly especially since they are the only tax bracket that has experienced adjusted income growth in thirty years. We tax them lightly because they are supposed to be using that extra money to grow the economy, it's how those cuts were sold but wages continue to stagnate and jobs continue to lag far behind their continuing and remarkable increase in wealth. If nothing else we need to send them an unmistakable message that we will expect some trickle down for our national largess in the future.It fell apart because of the republicans mostly because they precipitated the "crisis" in the first place and for some reason just expected democrats to cave in, another terrible miscalculation on their part. In the end I doubt any kind of deal the two brokered would have made it through the house but I feel that the whole mess was so unnecessary, we are the only major country in the world that has a debt ceiling and it does not seem to keep spending down and the effect of holding it hostage is not worth the concessions gained. The approval rating for the house plunged into the low teens and has never recovered, we were downgraded for having so much chaos in our economic deliberations and now we have this "fiscal cliff" that I am not so sure is a bad thing but some are freaking out. We cannot have such recklessness in government no matter what high sounding rationales they use.
Agreed, but by the same token we can't have a president so stuck on stupid that he will not accept revenue he says he wants unless it carries the lable of taxing the "rich". That's just being childish. It's not leadership.
Funny they didn't get upset that he has failed to keep his other promises, like cutting the deficit in half, or listening to all good ideas, or working across the isle. If he gets more revenue it's a win and his zombies will accept it if he protrays it that way.
Wages have been stagnate because government regualtions has forced manufacturing offshore, until that changes where it will be profitable to make things here, that's not going to change. Wages will never be good when 70+% of GDP comes from consumption. Like it or not that is economic reality, retail and service jobs don't pay well, they never have.
As for sending a message to the wealthy, go ahead, but be prepared to send the next message to another country, wealth give them an advantage that most of us don't have, it's called portability, there are some states learning that lesson right now. If you want less of something, just tax it and it will go away, doesn't matter if it's a commodity or money.