Soon-to-be-House Speaker John Boehner is not happy to see the House Democrats pushing a bill that includes only the tax cuts for income under $250,000. “I’m trying to catch my breath so I don’t refer to this maneuver going on today as chicken crap, all right?”
There are 238,781 households in John Boehner’s district. There are 2,824 of them with an income above $200,000. That’s 1.1 percent. And that 1.1 percent is too large, as many of those people make between $200,000 and $250,000, and so every dollar of their income will be eligible for the tax cuts the Democrats are pushing.
So in all likelihood, what separates a tax cut bill that’s “chicken crap” from a tax cut bill that’s great is its treatment of the richest 1 percent of households in Boehner’s district. And $700 billion slapped right onto the deficit. If Republicans win this debate despite the unpopularity of their position and its violent contradiction to their stated concern for the deficit, it’ll be one of the most impressive coups in recent political memory.