Sweeney Calls NJ Millionaire Tax a `Shared Sacrifice': Video

House Republicans delayed a vote on Speaker John Boehner’s tax-increase plan and called a meeting to consider how to build support for it or decide their next move in the U.S. budget standoff. Republicans had planned to vote tonight on the measure that would allow higher tax rates on annual income above $1 million. They delayed after a related spending-cut bill passed with only a few votes to spare. Asked whether she thought the party could resurrect Boehner’s measure tonight, Representative Kay Granger, a Texas Republican, shook her head no.

Earlier today, in what can only be summarized as an epic meltdown, NJ governor Chris Christie proceeded with an even more epic rant against House speaker John Boehner, in narrow terms, and House Republicans in broader, for killing the $60 billion Sandy Assistance bill, whose funding would have offset one full year of the just legislated tax hikes on the rich which would add $62 billion annually to the Treasury (or alternatively would have been unfundable for the next 2 months while the US struggles to pay its mandatory bills courtesy of having breached the debt ceiling).