Rs and Ds hammered out a deal to extend the cuts for just the middle class, by two years. But...
"Republican officials said that the White House began to fret over the prospect -- and the potential picture -- of the Democratic duo of Senators John Kerry and John Edwards arriving at the Capitol to vote for the tax cuts, potentially robbing Mr. Bush of a key line of attack against his opponents."
He said he'd veto the deal if it passed at all, holding out for extending the cuts for the middle class only if he can also extend the top bracket cuts, and with a five year extension instead of two. (The article has been spun on one detail -- they say just, "the five year extension [the White House] wanted" -- if you're a political junkie and thus have been reading about this stuff the last few days, you know that the extension they had wanted included the top brackets.) So the whole thing fell apart.
What an asshat. I so hope Kerry gets an ad out about this: "President Bush says he favors tax cuts -- but apparently only if they're for the wealthy."