The GOP Tax Pact.

With conservatives chomping at the bit to reduce capital gains taxes, the Senate GOP craft a compromise bill that appeases moderate holdouts like Senator Snowe. As I’ve said before, any tax cut given the current state of the economy and our budget deficits is a bad idea. And given how much of the heavy lifting Senator Snowe has already done, I’m surprised more Dems aren’t kicking up a fuss right now.