[Update: In a rare case of political common sense the House did pass the Senate version of the fiscal cliff solution fiscal cliff solution number 1, of course, with fiscal cliffs two, three and four to come. This positions Mr. Cantor even better, because his opposition gives him political points without the cost of actually stopping the legislation.]
Those celebrating the
end (temporarily) of the fiscal cliff, not so fast. The Republicans in the House voted down an
attempt to raise taxes on people making $1 million, so who exactly thought they
would go along with a plan to raise them on people making less than half
million?
It is not secret that House Majority Leader Eric
Cantor covets John Boehner’s job as Speaker.
Mr. Cantor on the left of Mr. Boehner, but really on the far right |
To do this he has had to play the loyal lieutenant, which he has done
very nicely. But now with a chance to
sneak into the job by looking tougher than Mr. Boehner, Mr. Cantor has
come out in opposition to the Senate passed deal on taxes.
Lawmakers said that
Representative Eric Cantor of Virginia ,
the No. 2 Republican, indicated to his colleagues in a closed-door meeting in
the basement of the Capitol that he could not support the legislation in its
current form.
So where does this leave the deal? Exactly where it has always been in
limbo. And where does it leave Mr.
Boehner? Hanging by a thread.
As for the White House, well there is this " Dewey Defeats Truman" moment
As for the White House, well there is this " Dewey Defeats Truman" moment
White House declares victory
The White House issued a "fact sheet" statement Tuesday declaring the fiscal cliff agreement a victory, though the House has yet to vote on the measure.
"At this make or break moment for the middle class, the President achieved a bipartisan solution that keeps income taxes low for the middle class and grows the economy," the statement says. "For the first time in 20 years, Congress will have acted on a bipartisan basis to vote for significant new revenue.
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