The media is buzzing about how House Minority Leader John Boehner and President Obama might be ready to "compromise" on what to do about the Bush tax cuts. From a story by Shailagh Murray and Lori Montgomery in Monday's Washington Post:
House Minority Leader John A. Boehner (R-Ohio) surprised Democrats on Sunday when he said he might not oppose President Obama's plan to extend the cuts for all but the wealthiest households, although he reiterated his preference for keeping the lower rates in place for all income groups.
Boehner's comments, made on the CBS program "Face the Nation," altered the landscape of the tax debate by suggesting that Republicans might not obstruct Democratic efforts to raise taxes on the top earners - a move advocated by Obama and many other Democrats as necessary to lowering the record deficit.
But read on in the same story. Boehner did not say he would support letting the top-end cuts expire. He said he wouldn't oppose extending all the rest of the tax cuts that President Obama is already proposing to extend: