I don't see how these same GOP House reps will agree to anything the President is in favor of.
Either they have to come up with a deal which gets House Dems on board, this current bill comes to the floor again, or we go over the cliff.
Yes we go over the cliff. Our Taxes go up.
Visualize this : After taxes go up thanks to this defeat Voters scream at Republicans for raising their taxes, as with the FICA standoff a year ago..
EVENTUALLY Republicans are willing to pass anything to reverse even part of it as with the Budget control act.
See once the taxes go up and people notice it then any bill passed even to $100K is a tax cut, so the GOP can accept any piece of crap O demands.
But you are right, the details have yet to unfold.