In a stunning development, Speaker of the House John Boehner was forced Thursday night to drop his "Plan B," a bill that would have raised the top marginal rate on people with incomes over $1 million. The theory was that Boehner could undermine President Obama's position in the fiscal cliff bargaining by caving in to one of his key demands, raising taxes on the rich. I'm not sure how that theory was supposed to work, and apparently others were equally skeptical. When House leaders went to their caucus to get the votes together to pass the bill, they couldn't do it.
The Spirit of Resistance
The Spirit of Resistance
The Spirit of Resistance
In a stunning development, Speaker of the House John Boehner was forced Thursday night to drop his "Plan B," a bill that would have raised the top marginal rate on people with incomes over $1 million. The theory was that Boehner could undermine President Obama's position in the fiscal cliff bargaining by caving in to one of his key demands, raising taxes on the rich. I'm not sure how that theory was supposed to work, and apparently others were equally skeptical. When House leaders went to their caucus to get the votes together to pass the bill, they couldn't do it.