Senate Deal Falls Apart

To the extent there was a deal between Senate Democrats and Republicans over which tax cut proposals would get brought to a vote — and it is probably better described as a tenuous agreement in principle written in invisible ink on toilet paper rather than a deal — it has fallen apart. That means Harry Reid now has to go through the cumbersome and lengthy procedural machinations to bring the two Democratic proposals to a vote. Remember, Democrats want to vote on extending tax cuts on the first $250,000 of income and on the first $1 million of income. Neither of which, I should hasten to point out, is expected to pass.