Well, anything’s possible in politics. But we don’t see this as a game-changing development, at least not yet.
First, the folks we’re talking about here aren’t important players in terms of fiscal cliff negotiations. Remember, the Senate is controlled by Democrats, so what GOP senators think is much less important than what top House Republicans think. True, Representative King is a committee chairman, but it’s the Homeland Security Committee, and he’ll have to step down in the next Congress due to party chairmanship limits. (House Speaker John Boehner has spoken vaguely of accepting revenue increases, but hasn’t detailed what that means.)
Second, these revelations aren’t exactly new. The lawmakers involved have either endorsed tax increases in the past as part of a deficit deal (Chambliss, Corker), often floated initiatives of one kind or another, only to back down (Graham), or are moderate Republicans in a district surrounded by Democratic areas (King), writes David Dayen Monday on the left-leaning Firedoglake blog.
“There’s no news here at all, but instead a fake Washington drama based on personality,” writes Mr. Dayen.