It looks like the Republicans are caving on the Bush tax cut battle.
Speaking on “Face the Nation” on CBS, Mr. Boehner made clear that he supports continuing the lower tax rates at all income levels and that he believes the Democrats would be making a mistake by increasing taxes on anyone, given the weak economy.
But Mr. Boehner said that absent any other option, he would vote in favor of legislation proposed by President Obama, House Speaker Nancy Pelosi and other Democratic leaders who say they want to continue the lower rates only for Americans they regard as middle class.
The left has been saying for a while that the politics on this is as good as the policy. If Boehner’s announcement holds, once he gets barbecued in the right wing blogosphere (I can’t wait to see what the Club For Growth has to say — maybe they’ll primary Boehner), then this will be a major win for Obama and for the country.