In trying to reach a compromise on the 'fiscal cliff,' Democrats and Republicans seem determined to protect millions of high-income people from paying more taxes. But the working class could easily end up paying more.
If House Speaker John Boehner can't get Republicans to back a tax increase for the richest 0.3 percent of Americans, it has lost its claim to mainstream status.
It's natural to think that President Obama might have cheered the collapse of House Speaker John Boehner's Plan B for the 'fiscal cliff.' But the chaos it created might cause bigger problems.
Fiscal cliff Plan B is dead. But allowing Senate Democrats and President Obama to negotiate a deal is hardly a step forward in finding bipartisan compromise.