The GOP and President Obama have long disagreed over taxes for the rich. Although there are signs of potential movement with the fiscal cliff looming, there are also reasons it might not happen.
House of Representatives Speaker John Boehner hopes to avoid the fiscal cliff by closing loopholes and deductions. President Obama suggested that only by completely eliminating charitable tax deductions could the Republicans increase revenues sufficiently without also increasing taxes on the wealthy as he would like to do.
Former Sen. Bob Dole visited the Capitol Tuesday. His brand of conservatism – leaning more toward pragmatism and compromise – may be gaining some ground amid the fiscal cliff standoff.
House Republicans say Election 2012 validated their tea party-backed revolution two years earlier. But two moves Monday suggest that House leaders are turning away from the movement.