The Plan B bill that Speaker Boehner attempted to get passed in the house was an interesting document. Inasmuch as it purported to raise the income level that would receive the tax increase, the totality of the plan ensured that the wealthy would get a tax decrease overall, and that the poor and middle class would either pay more taxes, lose benefits, or both.

In short, while the bill raises $300 billion from high-income households, it is 1/3 the amount Boehner previously offered. Worse, it is a $50,000 tax cut for millionaires since the first million dollars of all American taxpayers would get the tax cut.