CBS News: Boehner caves on raising marginal tax rates in new fiscal cliff deal

We all knew this day was coming. Boehner is now conceding that Republicans will vote for a tax rate increase on those making more than 1 million as well as raising the debt ceiling for another year, but he’s still demanding 1 trillion in entitlement cuts:

Boehner will give in on the entitlement cuts before too long as well. It’s just a matter of time before he sells out the Republican Party completely.

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