According to CNBC, fiscal cliff talks moved forward in the past couple of days.
- Obama has been steadfast that income tax rates go up for millionaires & billionaires making more than $250,000.
- Boehner had been equally adamant that – as a matter of principle – no rates could go up.
- Over the weekend, Boehner reportedly said he’d agree to higher tax rates starting at the $1 million income level
- Obama reportedly countered by upping his threshold from $250,000 to $400,000
- Boehner immediately expressed indignation and rejected the counter-offer
Reminded me of an old W.C. Field’s routine …
Here’s the way the skit goes ..
Fields is attracted to a woman and asks her : “Will you sleep with me for a million dollars?”
The lady replies: “Hmmm, yes, I think I would.”
Fields counters: “How about for $25?”
The woman gets huffy: “Absolutely not. What kind of a woman do you think I am?”
Fields: “We’ve already established what kind of woman you are … now, we’re just haggling over price.”
* * * * *
In the fiscal cliff drama, the part of W.C. Fields will be played by President Obama.
The part of the woman will be played by Speaker Boehner.
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