President Obama and Minority Leader Boehner had words at the White House today about the Bush tax cuts that are set to expire at year’s end.

The WSJ reports:

President Barack Obama and House Minority Leader John Boehner got into a cordial but firm standoff at the White House today over the fate of former President George W. Bush’s tax cuts for the wealthy, according to aides.
…
Obama said relatively few small businesses pay the top two income tax rates because most small businesses barely scrape by. Many pay no income tax at all. The liberal Center on Budget and Policy Priorities says 8.9% of people with any small business income have incomes of over $250,000, and that overstates the impact, because it counts investors in small businesses as well as actual small-business men.
But Boehner was ready with a comeback. A former small-business man himself, he quoted a congressional Joint Tax Committee study that found that half of all small business income would get hit by the president’s planned Bush tax-cut lapse. Sure, the small businesses not making any money wouldn’t be affected, but the ones succeeding out there would.
And “they’re the ones employing people because they’re the ones making money,” a House GOP leadership aide said.

(You knew this was not on the WSJ oped page at “Tax cuts for the wealthy.)