Ezra Klein puts Obama's proposed tax increases in perspective:
Ezra's read on the executive branch:
The truth is, the White House wants a deficit deal for many reasons. They believe deficits are a problem. They want to move onto priorities like immigration reform. They’re committed to securing more stimulus. They think the fiscal cliff and the debt ceiling could do enormous damage to the economy. They think the American people want compromise. They think that a major deficit-reduction deal will be crucial to Obama’s legacy.