GOP set to cave on taxes

More and more GOP members are indicating that they would support the tax rate increase on the wealthy that President Obama has been pushing. And what makes this even more galling, is that there is not likely to be any significant reform of entitlements. In effect, the GOP is going to cave on a fundamental principle and get nothing in return. Jennifer Rubin: The Post reports, "President Obama and House Speaker John A. Boehner (R-Ohio) met Sunday afternoon at the White House to continue discussions over how to avert the 'fiscal cliff,' their first in-person gathering in nearly a month as the deadline to avert a massive tax hike is fast approaching. Aides to Boehner confirmed the meeting took place, but declined to provide further details." The  GOP House and Senate leadership offices were equally mum on background. One GOP adviser on the House side put it succinctly: "We have to wait and see if those talks bear fruit." But where is the deal? More and more you hear...(Read Full Post)