News is breaking late Saturday that House Speaker John Boehner has offered a fiscal cliff deal that would involve tax hikes on those earning more than $1 million, rather than the $250,000 ceiling demanded by President Obama.

There are only reports from “a source close to the negotiations” for now, but that’s enough for many to express their¬†feelings.

According to Reuters, Boehner made the offer in exchange for major cuts in entitlements, but the president did not accept.