Shift May Push Democrats to Compromise on Tax Cuts

The New York Times reports:

President Obama on Wednesday invited Congressional Republican leaders to negotiate about extending the soon-to-expire Bush-era tax cuts, but he stood his ground by arguing against the Republicans’ demand to keep those cuts for income above $250,000.

Yet Mr. Obama’s overture opens the door for extending those top tax rates at least for a year as Republicans play from a strengthened hand in coming weeks.