A few brief ethics observations on the current tax deal machinations on Capitol Hill:

• It was an unconscionable breach of responsibility for Congress to neglect to address this issue months ago. Not only would a timely decision whether to extend all, part or none of the Bush tax cuts have avoided the present uncertainty; it would have aided the recovery, as businesses and individuals would have known what the tax requirements would be, and could invest, spend or hire accordingly. The reason the Democrats waited, even when it was obvious that their House majority was a goner and that President Obama would be negotiating from weakness as a result, was pure, unadulterated cowardice. Congress was willing to withhold needed policy certainty, harming the economy and the public, so they wouldn’t have to take a stand before elections. Continue reading →