McConnell said Congress had already debated the issue last year, when Obama and Republicans hatched a compromise that extended the reduced tax rates, approved during the administration of George W. Bush, for high-earners for two years.

That says it all for me too, but in the same way. Republicans thought they had deals in place, both on tax rates and deficit reduction targets. Now here comes Obama trying to upend those agreements. In my mind that make Barack Obama untrustworthy, since he will not keep the bargains he makes. I find that dishonorable, and I expected better from him.