President Barack Obama and House Speaker John Boehner met at the White House Thursday with no apparent progress on the fiscal cliff, and things are getting so bad that NBC News’ Chuck Todd on “Morning Joe” — what Washington watches on the treadmill — brought up 1990s literature. Todd said the negotiations are proceeding so poorly that it seems like Obama is from Mars and Boehner is from Venus.
With most everyone shut out of the mano-a-mano discussions, members of Congress are floating ideas. Senate Minority Leader Mitch McConnell, R-Ky., according to the Washington Post, is proposing to let the marginal tax rates rise for earnings above $250,000 for a family — but maintain current policy otherwise, including dividend, capital gains and estate taxes. The idea is to end up with a tactical victory for the GOP because this would create far less increased revenue than even Boehner has proposed.
Savannah Republican U.S. Rep. Jack Kingston told the AP’s Chuck Babington that he does