I'd agree if you're talking about the inordinate focus on tax hikes, that's a bit of theatrics.
If you're talking about the practicality of it, it'll help some short-term deficit issues, like ongoing costs of the wars and so on, but then, after that, they have to move on to discussing big issues like Medicare and Social Security. That should have really been the focus of the election debates, imo... talking about entitlements. We got some little bit of that, but most of the election chatter got diverted into other issues.
I don't think a tax hike on the wealthy would hurt the economy if you could separate out small businesses or give a tax credit to them. Tax credits for small businesses is something he proposed as a compromise, by the way, which I give him credit for. But I still don't understand why we're talking about it over issues like entitlement reform.
We talk about tax cuts because that's what makes us smile.
No one wants to do real work, because that means economic austerity for the U.S.A.
Today, we, as a culture, are too selfish to do real work, too selfish for austere economic measures.