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 ..
The Homa Files 