TPM: Dems capitulate on taxes -- a GOP victory and the game isn't over

The White House was eerily quiet Sunday afternoon and evening as Republicans and Democrats on Capitol Hill continued to hash out their differences and now we know why.

After all the sound and fury over a Democratic goal of adding $1.2 trillion in new revenues last week, Democrats appear to have capitulated completely on that score.

Senate Majority Leader Harry Reid's working proposal focusing on $2.7 trillion in cuts that would go through the 2012 elections is silent on revenues. And last night, the White House statement reacting to the state-of-play only objected to GOP efforts to providing a short-term fix and punting the issue of further cuts to a bipartisan commission next year.

As it stands right now, Republicans seem to have scored a major coup, and the White House may be second-guessing itself for trying to up the ante last week from $800 billion in revenue raisers to $1.2 trillion after the Senate group known as the Gang of Six put out its plan.