Politico | Some GOP governors go wobbly on tax increases
LAS VEGAS — Some Republican governors are softening on the party’s hard-line toward tax increases for the wealthy, suggesting that GOP congressmen at least be open to rate hikes in exchange for a comprehensive fiscal agreement on taxes and entitlements.
“The people have spoken, I think we’re going to have to be [flexible] now,” said Virginia Gov. Bob McDonnell, when asked if his party would now have to be open to taxes on the highest earners. “Elections do have consequences. The president campaigned on that.”
McDonnell, the outgoing head of the Republican Governors Association, made clear that raising taxes isn’t his first choice. But he said that the political reality of a Democratic president and Democratic Senate makes it unlikely that a grand bargain can be struck without some compromise on raising revenues.