The Presidential Election Was a Referendum on Raising Taxes on People Making More Than $250,000 a Year

House Republicans Trying to Pass Bill Raising Taxes on People Making $1 million a Year –

They Don’t Bother With Election Results

One thing that was clear in the 2012 Presidential election was that President Obama’s tax policy was to return to Clinton era tax rates on those making more than $250k a year.  A second thing that was clear is that Mr. Obama won by a fairly large margin;  the election was not in doubt and it was not close.

So Republicans in the House have decided that what they need to do, if they can get the votes, (update:  which they cannot) is to return to Clinton era tax rates on those making $ 1 million a year, and call it compromise.

House Speaker John A. Boehner (R-Ohio) called on Senate leaders Thursday to schedule a vote on his plan to extend tax cuts on income up to $1 million — known as Plan B — if it passes the House later in the day.

This is the Speaker of the House’s position.

“For weeks, the White House said if I moved on rates, they would make substantial concessions on spending cuts and entitlement reforms,” Boehner said. “I did my part. They’ve done nothing.”

Reality of course is different.

In fact, Obama has counteroffered a proposal to trim Social Security benefits and extend the tax cuts for families earning as much as $400,000 a year — up from the $250,000 limit that he had stipulated during his presidential reelection campaign. 

But then in dealing with Republicans it usually is.