The Wall Street Journal reports that House Minority Leader John Boehner, R-Ohio, has offered a "concession on tax cuts." Republicans would be, happy, he said, with merely a two-year extension of the Bush tax cuts, rather than a permanent extension.
Cue up the conspiracy theories. Boehner's proposal is identical to the suggestion made by former Obama budget director Peter Orszag in his New York Times column on Tuesday. Orszag later told the Washington Post's Greg Sargent that he was only making the suggestion reluctantly, but the alacrity with which Republicans are jumping on the bandwagon fuels suspicion that despite Obama's strong call for higher taxes on the wealthy yesterday, some kind of compromise could be in the works.
Let's nip this one in the bud, please. Boehner's offer is no compromise, and it is no way a "concession." The Republican position two years from now will be identical to the Republican position today: Keep all the tax cuts in place. And two years from now, Republicans will probably have more seats in the Senate and House than they do today, and thus more power to prevent any future return to tax sanity.
President Obama is holding a press conference on Friday, and we already know, from his speech in Cleveland yesterday, that he has decided to make Boehner the focal point of his new partisan push back against the GOP. It will be interesting to see whether the reinvigorated Obama aggressively denounces this latest piece of Republican tax cut hypocrisy, or just lets it slide.