House Speaker John Boehner has proposed Plan B, which would extend Bush-era tax cuts on income of up to $1 million. He described it as a fallback option to prevent a sweeping tax hike while negotiations continue on a broader plan.
GOP leaders also had planned to vote Thursday on President Barack Obama’s long-standing proposal to return to the higher tax rates of the 1990s on income above $250,000 for families.
But Republicans decided to drop their plan to vote on extending tax breaks on incomes over $250,000. One GOP aide said that since the president has moved the threshold to $400,000, there is no point to that exercise.
What’s astounding about this plan, even this minimally effective plan, is that Boener is having trouble rounding up enough votes to get it through his House. He’s had to hand out lollipops to the children in his caucus, even to the point where the sequestration that both parties in both houses of Congress agreed to two years ago are up for modification.
You may read that as meaning the defense cuts are off the table.
Needless to say, President Obama has promised to veto this nonsense, although it’s hard to see how you can get Republicans back to the table.
This all hinges on one date on the calendar, and you should mark it, should we go over the fiscal cliff: January 3.
That’s the day most Americans who receive some form of monthly compensation from the United States — Social Security, welfare, a salary — can expect their next installment. Including many of the same asshats who are writing into their Teabagger Congresscritters telling them to stand firm on taxes.
It will be interesting to see what happens when those government-bought Hoverounds start to malfunction and there’s no money to be found for fixing them. All those FOX News viewers stuck inside, can’t even go to the corner for a pack of cigs and a 40, and of course, the HEAP money will be flatlined too, so no heat or hot water — not that they shower, mind you — no mail delivery so no pension checks or Victoria Secret catalogues to fap to, and then God forbid there’s an actual disaster and they need help.