Internicine War in the Republican Party?

I have to side with McConnell on this one. Extending the Bush tax cuts to everyone is the only way to signal to investors what they should do in 2011. Anything less will just delay a recovery, as investment will continue to sit on the sidelines hoping for a better-defined path to growth.

Per the Washington Monthly:

MCCONNELL BREAKS WITH BOEHNER, WILL FIGHT MIDDLE-CLASS TAX BREAKS.... House Minority Leader John Boehner (R-Ohio) is reluctantly willing to go along with President Obama's tax-cut policy yesterday. Might the Senate GOP leadership go along? Not so much.

Senate Republicans will oppose any effort to renew soon-to-expire Bush administration tax cuts if upper income taxpayers are excluded from the reductions.

A spokesman for Senate GOP Leader Mitch McConnell said Monday that every Senate Republican has pledged to oppose President Barack Obama's tax-cutting plan. [...]

McConnell has said a bill extending the tax cuts for only low- and middle-income earners cannot pass the Senate. Forty-one senators can block a bill with a filibuster, but McConnell spokesman Don Stewart declined to say whether all 41 Republicans would support a filibuster.