Last Updated:October 25 @ 06:11 am

Boehner: No tax rate boost to avert fiscal cliff

By AP Staff

WASHINGTON (AP) - House Speaker John Boehner says Republicans want to cooperate withPresident Barack Obama on reducing federal deficits, but not by raising income tax rates.

Boehner spoke soon after Obama told reporters the GOP-run House should let taxes rise on the richest Americans. Boehner, an Ohio Republican, said that would hurt job creation.

The speaker said there has been a spirit of cooperation between congressional Republicans and the White House. He said he is optimistic about talks beginning Friday between the White House and congressional leaders about averting the fiscal cliff — tax increases and spending cuts occurring automatically in January unless lawmakers reach a compromise to avert them.

Obama campaigned for re-election on boosting taxes on the wealthy, but said Wednesday he could compromise on how to do that.

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5 Comments

  1. bna42Comment by bna42
    November 15, 2012 @ 10:18 am

    “The speaker said there has been a spirit of cooperation between congressional Republicans and the White House”.

    If a “spirit of cooperation” existed, we wouldn’t be concerned about this fiscal cliff. We are in this predicament because no one in Washington would work together, they battled over raising the debt ceiling, appointed a commission to try to do the job Congress refused to do, and Obama declined to accept any of the recommendations from the committee. So why should anyone believe that these negotiations are going to produce any different results? Where is the “spirit of cooperation”?

    Obviously this turmoil is what the people want because the structure of our government is exactly as it has been–Obama in the White House, Democrats control the Senate, and Republicans control the House. Let the games begin.

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  2. cfhardersonComment by cfharderson
    November 15, 2012 @ 11:03 am

    What is this obsession of John Boehner and the Republicans with “tax rates”. President Obama’s campaign included his solution to the “fiscal cliff” – tax increases for those with income of over $250,000 that would generate $1.6 trillion in new revenue. Those earning less than $250,000 would not have additional taxes except for that taxes on income increases.

    All I keep hearing from Boehner is “NO TAX RATE INCREASE”. The Republicans claim they want to increase revenue by restricting deductions and eliminating tax loopholes. However, I have seen no specific deductions they want to limit and what loopholes they want to close. This seems to be the same empty promise of Mitt Romney of reducing all tax rates by 20% and limiting deductions and closing loophole to keep taxes revenue neutral. Revenue Neutral does noting to reduce US national debt or steering us away from the “fiscal cliff”.

    During this short “lame duck” session, Congress does not have the luxury of a major re-write of the tax codes. Look beyond your self-imposed blinders of no tax rate increases and forget those antiqued pledges to Grover Norquist. The 2012 elections have voided those.

    The Bush tax cuts have had the effect of redistributing money to the wealthy 2%. This has placed the 98% at an economic disadvantage and the US economy has not been able to recover its past vigor.

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    • bna42Comment by bna42
      November 15, 2012 @ 11:30 am

      “President Obama’s campaign included his solution to the “fiscal cliff” – tax increases for those with income of over $250,000 that would generate $1.6 trillion in new revenue”.

      cf, you are accepting Obama’s campaign rhetoric as fact when you need to be researching for yourself rather than believing Obama’s class warfare lies. You also need to look at Obama’s track record and compare his rhetoric with the actual results.
      1. An $800 Billion stimulus would keep unemployment below 8%.
      2. He would have the most transparent administration ever.
      3. He would post bills on the internet for the public to read 72 hours before signing them.
      4. Obamacare would save the average family $2500 per year in health insurance costs.

      The $1.6 trillion in new revenues he touts is an imaginary figure which he uses to give the impression that this will provide a balanced budget. However, it is obvious after 4 years of operating without a budget, 4 years of more than $1 trillion annual deficits, and adding almost $6 trillion to our national debt that Obama is not interested in a balanced budget. He wants more revenue to expand Medicaid and initiate other parts of his liberal agenda.

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  3. cdrcodyComment by cdrcody
    November 15, 2012 @ 2:52 pm

    He said he didn’t want to raise “tax rates”, which is fine. But, I do remember him saying something recently about new sources of revenue, or something like that. So you don’t raise the “tax rate” which seems to mean you are fiscally responsible. You just produce new kinds of taxes in a recession or slow economy which seems to mean you are fiscally irresponsible.

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  4. cap21Comment by cap21
    November 19, 2012 @ 8:09 pm

    GOP needs to distance its self from the party that bosts when it gains power as they did the last time and conducted business as usual they need to get rid of the same old tired politicians and become more constitutional minded. they can start by congress taking back the power that was given to Bush then to oboma. get a backbone stop behaving like adolesents at a pissing contest.

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