News Article

Boehner's Reversal Opens Door to Major Tax Hikes

Via newsmax.com » Submitted On Mon, 12/17/2012 - 2:09pm by Norman Wolfe

Legislator: Rep. John A. Boehner

Issue: Tax Reform

The first real movement in the "fiscal cliff" talks began on Sunday, with Republican House Speaker John Boehner edging slightly closer to President Barack Obama's key demands as they try to avert the steep tax hikes and spending cuts set to take effect unless Congress intervenes by Dec. 31.

The Boehner offer to accept a tax rate increase for the wealthiest Americans knocks down a key Republican road block to a deal resolving the year-end "fiscal cliff."

The question now boils down to what President Barack Obama offers in return. Such major questions, still unanswered so close to the end of the year suggest, however, that no spending and tax agreement is imminent.

Comments

No, no, no and NO!
Can Boehner hear me? I'm sure with all the FC community shouting in unision, he will!

1 year 3 months ago
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