Skip to content
Subscriber Only

Merry Christmas, Your Taxes Are Going Up

Speaker of the House John Boehner (R-OH) departs a press conference with House Majority Leader Eric Cantor (R-VA)  at the U.S. Capitol on Dec. 21
Speaker of the House John Boehner (R-OH) departs a press conference with House Majority Leader Eric Cantor (R-VA) at the U.S. Capitol on Dec. 21Photograph by Win McNamee/Getty Images

With five days to go until the fiscal cliff, Republicans and Democrats are displaying as much effort as New York Jets quarterback Mark Sanchez in the latter stages of a typical four-interception blowout—which is to say, none whatsoever. They can barely bestir themselves to maintain the pretense that they’re working to avoid the $600 billion of tax hikes and spending cuts due to arrive next week.

President Obama is flying back from Hawaii tonight to keep up appearances. But almost nobody expects a deal before Jan. 1. Negotiations essentially ended after John Boehner’s Plan B fell apart last week. As the Wall Street Journal put it this morning, “the parties are engaged in a political staring contest.” Sounds productive!