SniperFire
Senior Member
Reid argued that House Speaker John Boehner (R-Ohio) could easily end the standoff and avert the across-the-board tax hike in 2013 simply by bringing up legislation the Senate has already passed to preserve the Bush-era tax cuts for income under $250,000, covering 98 percent of taxpayers.
And this will likely happen anyway shortly after the First of the year; unless, of course, republicans are opposed to tax cuts for middle and low income working Americans.
The reason you, Reid, et al are now panicking is that Obama's bluff has been called.
Tax rates will be extended to everyone once again, probably for two years, in exchange for some additional cuts elsewhere and a bump in the debt ceiling for the same time period.
You see, just like in '11, the debt ceiling makes Obama Boehner's lil' beyotch.