President Obama insists on $250,000 ceiling for tax cut extension, unemployment extension

This afternoon’s meeting between President Obama and the leaders of the House and Senate was closed to the press, and the principal players left quietly. Their aides are beginning to let the details leak, though, and it seems that the slack the president was prepared to give has disappeared. That’s what you get for cutting into his Hawaiian vacation.

The upper limit on the extension of the Bush tax cuts appears to be back at its starting point of $250,000. House Speaker John Boehner had caved on tax hikes on Dec. 15 by offering tax hikes on those making more than $1 million, and two days later, the White House had suggested $400,000.

These tweets give a pretty good indication of where the players stand.

President Obama is scheduled to speak to the press at 5:45 p.m. Keep checking Twitchy for coverage.

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