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First Tax Hike in 13 Years

The House is voting on the first tax hike in 13 years. Since the Contract with America was born, the House GOP majority had opposed all tax increases. But within a month of officially being in the majority, the Democrats are now voting for one. Didn't take long, did it?

You better believe that this is a sign of things to come. And the worst part is that dozens of Republicans are expected to vote with the Democrats on this. Where have all the fiscal conservatives gone?

Stay tuned for updates.

UPDATE (6:09pm): The bill just passed 264-163 to thunderous applause, with 36 Republicans joining the Democrats. I feel like we're in a New Deal Congress. It's almost surreal.