Obama and the Dems aren't insisting on a tax hike, that's the GOP's current spin.
Obama and the Dems now want tax reform... closing loopholes, getting rid of or limiting some deductions and credits. You know, what Romney and Boehner and McConnell and Coburn etc have been saying they want. Obama has said before that he could agree to lowering the corporate tax rate if the loopholes he particularly doesn't like are closed.
Call it a tax hike or a tax reform, the fact is that the Dems want to increase total tax revenue.
They could have fooled me. The fiscal cliff deal was one of the largest tax cuts in history.
