Speaker John Boehner is going to meet privately with President Obama to try to hammer our a deal on this fiscal cliff. He should take Senator Rand Paul’s advice and let the Democrats do what they want and then own it. Or Boehner can keep doing what he’s doing and lose the speakership.
SEN. RAND PAUL: I have yet another thought on how we can fix this. Why don’t we let the Democrats pass whatever they want? If they are the party of higher taxes, all the Republicans vote present and let the Democrats raise taxes as high as they want to raise them, let Democrats in the Senate raise taxes, let the president sign it and then make them own the tax increase. And when the economy stalls, when the economy sputters, when people lose their jobs, they know which party to blame, the party of high taxes. Let’s don’t be the party of just almost as high taxes.
LARRY KUDLOW, CNBC: Some people have called that the doomsday scenario. Others have said, ‘Look, it’s a strategic retreat on the Republicans’ behalf.’ WWould you vote present for that in the Senate if that came up?
RAND PAUL: Yes, I don’t think we have to in the Senate. In the House, they have to because the Democrats don’t have the majority. In the Senate, I’m happy not to filibuster it, and I will announce tonight on your show that I will work with Harry Reid to let him pass his big old tax hike with a simple majority if that’s what Harry Reid wants, because then they will become the party of high taxes and they can own it.
You can watch the video at the link.