The collapse of the House Republican leadership’s “Plan B” legislation this evening is being viewed first and foremost as a humiliating defeat for Speaker John Boehner and Majority Leader Eric Cantor. The proposal was supposed to be a clever tactic that would increase the pressure on President Obama and the Democrats since it would, at least theoretically, take the GOP off the hook for the country going over the fiscal cliff in the absence of a deal with the White House on spending and taxes. But Boehner didn’t have enough votes from his own caucus to back Plan B, even though it limited tax increases to those making over $1 million rather than the lower limits offered by the president in negotiations.
There are those who will argue that the collapse of Plan B will force Boehner back into negotiations with the president and create a situation where a grand budget deal would be possible. But the question that must be asked now is: if Boehner and Cantor could not whip up enough Republican votes for their own proposal, how is it possible that they could muster their support for an accord that would by definition be even less attractive to conservatives?