This from Jonathan Cohn at The New Republic:
Does anything matter to Republicans more than protecting tax cuts for the very wealthy? Developments of the last 18 hours suggest very strongly that the answer is no.
As you have probably heard by now, House Speaker John Boehner on Saturday evening informed President Obama that he was no longer interested in pursuing a “grand bargain” on deficit reduction. Such a large deal would have required Republicans to agree to new revenue, in some form. And at least some of that money would have come from higher taxes (in terms of total collections, if not rates) on the very wealthy. No matter how big the Democratic concessions, no matter how risky the prospect of postponing a deal on the debt ceiling, they were not willing to embrace a package that meant higher taxes, particularly taxes on the wealthy.