GOP Falling for Wimpy Strategy ?

House Speaker George H W Bush John Boehner looks like perhaps he’ll sign debt limit deal amounting to “real tax hikes right now for pretend tax reform later.” James Pethokoukis is worried:

All very confusing, but the best I can make of it is this: higher taxes now in exchange for a promise of tax cuts later to be “paid for” by reducing tax breaks/deductions/loopholes with perhaps some of that money going toward deficit reduction.

All of those increased taxes would be paid for by “the rich.” Of course.