If the Democrats were really serious about hiking taxes on the wealthy, why didn’t they do it when they had a filibuster-proof majority in Congress? Why wait until now, when there is no chance of passing anything like the Buffett Rule?
The reason: Democrats do not actually want to burden the wealthy, who are now regular contributors to their campaigns; they just want the issue to run against the Republicans.
(With thanks to Morning Jay: Liberal Myths Versus Democratic Realities)