Even before House Speaker John Boehner unveiled his Plan B, a vocal contingent on the left, both inside and outside Congress, was already furious with the state of play on the fiscal cliff: They thought President Obama’s offer already gave away too much, too soon, on taxes, stimulus and entitlements, and Boehner’s latest move drove their fears home. At this point, as Wonkblog’s Ezra Klein explains, the best that Democrats may be able to hope for is deal based off of Obama’s last offer, or something close to it, whether or not we end up going off the cliff. There’s no putting the genie back into the bottle.
That said, there are a few fronts that progressives are still pushing on in hopes of salvaging some of what they fear could be an awful deal. While Obama has already conceded more than they’d like on marginal tax rates and Social Security, there are a few elements in the negotiations whose fate remains hazy, and the way these details are hammered out could be critical to the left.
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