Tweeter makes a good, albeit sarcastic, point:
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cmon, Matt - Biden capitulating to Mitch McConnell is gonna be totally different than Obama capitulating to Mitch McConnell...— dshepelwich (@Sheptacular) March 4, 2020
In the same vein, I would say "come on- it's not only
Mitch McConnell." We know it won't
be only the GOP Senate leader because, as Jacobin's Branko Marcetic wrote last April
In journalist Bob Woodward's 2012 book The Price of
Politics, he portrays Biden during Obama’s first term eager to sacrifice Social
Security and Medicare for the sake of bipartisan compromise and achieving what
would be, in the eyes of Washington, a political victory.
Biden first displayed his friendliness to GOP entitlement
hawks when he appointed former Wyoming Sen. Alan Simpson to co-chair the president's National Commission on Fiscal
Responsibility, created in February 2010 via executive order. Simpson was one
of Congress's most high-profile foes of entitlements and a proponent of Social
Security privatization. In Woodward's telling, Biden even had to lightly
pressure a somewhat reluctant Simpson to take the role.
Sure enough, the Simpson-Bowles Commission, as it came to be
known, recommended cuts to Medicare, Medicaid and Social Security, leading
liberal economist Paul Krugman to label the commission “terrible.” Failing to
secure enough votes from the commission to recommend the plan to Congress, the proposals
were never taken up.
But Biden took a far more direct role in undermining Social
Security and Medicare when he headed tax policy negotiations with Senate
Minority Leader Mitch McConnell in December 2010. In Woodward's telling,
Biden's eagerness to cut a deal with the Republicans sometimes elicited outrage
from his fellow Democrats, who felt he was giving too much away.
An Obama priority was to end the Bush tax cuts on top
earners. Woodard reports that, to achieve this, Biden's team at one point considered
dropping the poorest citizens—anyone who didn’t pay income taxes—from the Obama
stimulus payments of $400 a year. Economist Gene Sperling, then a counselor to
Treasury Secretary Timothy Geithner, strongly objected, calling the idea
“immoral.” At Sperling’s urging, Biden’s team instead proposed a holiday for
payroll taxes, which are used to fund Social Security and Medicare.
The final deal extended the Bush tax cuts, cut payroll taxes
by $112 billion and met a host of other Republican demands: a lower estate tax
with a higher exemption, new tax write-offs for businesses, and a maximum 15
percent capital gains tax rate locked in for two years. In return, unemployment
insurance was extended for 13 months and the Opportunity Tax Credit for two
years.
House Democrats were furious at both the estate tax
provision and the Bush tax cut extension, partly because, according to
Woodward, Biden had failed to mention the extension was on the table when he
briefed Democratic leaders during the talks. Even conservative Democrats like
House Whip Steny Hoyer had strongly opposed the extension, and the deal drew
consternation from across the party. Dianne Feinstein balked at its size, and
Bernie Sanders and two other senators interrupted Biden's presentation of the
package. Sanders later vowed to “do everything I can to defeat this proposal,”
including filibuster it. However, enough Democrats eventually capitulated, with
some grumbling, for the deal to pass, overcoming an eight-hour filibuster by
Sanders.
Biden subsequently led the debt negotiations with then-House
Majority Leader Eric Cantor, Sen. Jon Kyl and other Republicans. Biden's
“opening bid” was cutting $4 trillion in spending over ten years, with a 3 to 1
proportion of cuts to revenue. Biden later proposed $2 trillion in cuts to
general spending, federal retirement funds, Medicare and Medicaid, and, at
Cantor's urging, food stamps.
At one point, Biden suddenly called for $200 billion more in
cuts that had never been discussed, which, according to Woodward, led
then-Maryland Rep. Chris Van Hollen—also involved in the negotiations—to
believe Biden had gone over to the Cantor-Kyl side. Biden again crossed Van
Hollen when he offered to take revenue-raising out of the “trigger”—a
combination of revenue raising and spending cuts meant to be equally
unpalatable to both parties, which would automatically kick in if a deal failed
to be reached.
Later in the negotiations, Biden dangled the possibility of
Medicare cuts in return for more revenue—meaning higher taxes. Soon after, he
suggested Democrats might be comfortable raising the eligibility age for
entitlements, imposing means testing and changing the consumer price index
calculation, known as CPI. (Means testing is often seen a Trojan horse for
chipping away at these programs, because their universality is one of the
reasons they've remained virtually untouchable for almost a century. It’s also
been criticized for imposing an unnecessary and discouraging layer of
bureaucracy.)
At one point, Biden reportedly called the Medicare provider
tax a “scam.” “For a moment, Biden sounded like a Republican,” Woodward notes.
Biden’s team was forced to remind him that such a move would force states to
cut services to the poor, to which he replied, “We're going to do lots of hard
things,” and so “we might as well do this.”
As Woodward writes, “this was a huge deal” for Cantor
(“Biden had caved”), and showed the administration had adopted the Republican
view on the matter of the Medicare provider tax. Despite this giveaway, the
Republicans continued their stubborn opposition to any revenue increases in the
proposed deal.
The negotiations were ultimately scuttled by Cantor, after
Biden inadvertently revealed to him that then-Speaker of the House John Boehner
was secretly holding his own “grand bargain” talks with Obama. But the Biden
portrayed in Woodward's book continued this pattern of bending over backwards
to achieve the Republicans' cooperation in subsequent negotiations.
Senator Sanders may not know the entire record as well as does Marcetic, who goes into additional detail, but he has a pretty good idea:
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