BBC News: Reports that Republican House Speaker John Boehner has rejected the idea of tax hikes coming out of the Oval.
Lets Get Real:
Even if the Speaker wanted to deal on tax hikes he could not get his members to go along, lets recall House members do not have term limits, thus they have to look over their shoulder at the next election, they have no interest in agreeing to any Obama idea if it effects 2014. That is the simple brutal truth. The Speaker will not raise taxes, and this blog has doubts that even the Democratic Senate would agree to tax hikes at the level the President wants, that cliff will have Obama's attached to it should the US go over it, thus the Oval might have won re-election but it did so with a lower margin than in 2008, the Obama coattails did not help the Democrats take the House, and the House can cut off Obama at the knees when it comes to his domestic agenda, thus two to four more years of gridlock with the US heading the path of Rome and the British Empire, ah those Reagan/Thatcher years look great now folks.
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