Republicans Will Buckle on High End Tax Rates

Greg Sargent, Wash Post
The papers this morning are filled with gloomy assessments of the fiscal talks — see the Post’s overview — with predictions mounting that we are going to go over the cliff. A lot of noise has been kicked up by all the finger-pointing, so let me summarize the situation in two sentences:1) Democrats are willing to agree to hundreds of billions of dollars in Medicare cuts.2) Republicans are not willing to agree to one penny in higher tax rates from the wealthy.

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