The White House announced they would veto “Plan B,” John Boehner’s gambit to pass a bill extending the Bush-era tax rtes for all earners on the first $1 million of income. And Nancy Pelosi said that Boehner had better have 218 votes for such a bill, since House Democrats won’t provide any. Of course, Boehner [...]
|By: David Dayen Wednesday December 19, 2012 7:45 am|
|By: David Dayen Friday December 14, 2012 10:05 am|
It certainly looked yesterday as if the White House had dropped any notion of using an increase in the Medicare eligibility age as a bargaining chip in future negotiations on a grand bargain. While the White House has not ruled out increasing the age, some of its leading allies did, and Dick Durbin went so [...]
|By: David Dayen Wednesday December 12, 2012 7:45 am|
Liberal groups have targeted Democratic Senators in a campaign to forestall benefit cuts to social insurance programs as part of any deal to avert the fiscal slope. The groups, which include CREDO, Progressives United, the PCCC, DFA, MoveOn, the Campaign for America’s Future and Rebuild the Dream, have segmented the Senate into three categories, based [...]
|By: David Dayen Wednesday December 12, 2012 6:17 am|
I think the White House added the corporate tax piece into the negotiations so that they could get business groups to pressure Boehner on the other points, especially raising individual tax rates. John Engler of the Business Roundtable dutifully carried that out yesterday.
|By: David Dayen Tuesday December 11, 2012 2:21 pm|
The ferocious pushback on a trial balloon offer to raise the Medicare eligibility age continued today, at a very high level.
|By: David Dayen Tuesday December 11, 2012 8:30 am|
Fiscal slope talks have progressed, according to multiple news reports. Nobody’s talking details, which tea leaf-readers are taking as a sign of advancement (I wouldn’t be so sure of that, it seems more like standard back-room negotiating practice). But we do know that both sides are talking. What could they be talking about? Well, we [...]
|By: David Dayen Monday December 10, 2012 12:59 pm|
I think Brian Beutler has a pretty good summation of why we’re talking about social insurance cuts when the White House appears to have leverage: …in three weeks, tax rates will go up for everybody with or without any concessions from the White House [...] That’s the single most important fact to know about the [...]
|By: David Dayen Monday December 10, 2012 6:16 am|
Staffers in this White House in particular float trial balloons on a continual basis on virtually every issue of importance to gauge public response, and the whole point of that exercise is to actually respond to it rather than not take it seriously. And if that’s the case, and the eligibility age conversation represented a trial balloon, I think we can say it’s been effectively and efficiently popped. Because over the weekend, Dick Durbin, perhaps the closest US Senator to the White House, criticized the idea.
|By: David Dayen Saturday December 1, 2012 10:24 am|
Mitch McConnell laid out his wish list for the endgame in the fiscal slope negotiations, and it’s basically the kinds of social insurance benefit cuts that the White House offered up in 2011 (which is again a reminder why you don’t offer those up as a bluff, because they will come back to haunt you), [...]
|By: David Dayen Thursday November 29, 2012 3:54 pm|
In the context of doing a deficit reduction deal at all, this is an extremely strong bid that Tim Geithner delivered to John Boehner today. Now we know why Boehner whined and cried all afternoon. Let’s walk through it. House Republicans said on Thursday that Treasury Secretary Timothy F. Geithner presented the House speaker, John [...]
|By: David Dayen Wednesday November 28, 2012 11:30 am|
The President began his public PR effort to get the top marginal tax rates back to their Clinton-era position today, but I think the way he framed his remarks does show a bit of his hand here. President Obama expressed optimism in a “framework” for deficit reduction being worked out before Washington disperses for the [...]