House Speaker John Boehner has gone from Plan B….
“To Plan C ya’ later,” David Axelrod, the longtime consultant to President Barack Obama now leading a political institute at the University of Chicago, said on MSNBC’s “Morning Joe.”
We won’t have to wait long, however, to hear from the speaker, whose plan to put a tax on top-earners to a vote of his House colossally failed last night for lack of support within his own Republican caucus.
Boehner will approach the cameras on Capitol Hill at 10 am EST.
Suddenly, it appears clear that any hope of an agreement between the speaker and president to avert the automatic tax increases and spending cuts set to take effect on Jan. 1 rests in a true bipartisan deal.
Boehner will need a lot of the House’s Democrats and some of his own Republicans to get past the anti-tax barrier his caucus has erected. Obama will need to deliver some more tangible spending cuts to help the medicine go down. Both parties may split in any final deal.
In other words, it’s back to the spirit of true compromise to avoid that so-called fiscal cliff.
It’s back to Plan G, we gotta do something here.