John Boehner: between a tea bag and a hard place
John Boehner has been negotiating all week with President Obama and his staff to resolve the “fiscal speedbump” issue. President Obama took a step toward Speaker Boehner in the negotiations by allowing the Bush tax cuts to remain in place for incomes over $400,000/year (up from $250,000), making some cuts to entitlements to be named later and agreeing to a different way to calculate Social Security cost of living increases that would lower how much our seniors get in their monthly allocation by a smidgen — the so-called “chained CPI”.
In return, Boehner offered to extend the debt ceiling for two years and allow the Bush tax cuts to expire for income over $400,000.
This was, however, a bridge to far for his tea party leadership team, according to Ezra Klein at the Washington Post. So, he offered what he’s calling “Plan B” and the response from the White House was a resounding “screw you”.
Check it all out after the jump.
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