(CNN) - The top Republican in the U.S. House said Sunday he would vote for extending tax cuts to all but the wealthiest Americans, if that's the only option available.
Rep. John Boehner of Ohio, the House minority leader, told the CBS program "Face the Nation" that he wants the tax cuts from the Bush administration extended to everyone.
However, if President Barack Obama and congressional Democrats push through their plan to extend the tax cuts to Americans earning less than $250,000 a year while restoring higher tax rates on others, Boehner said he would vote for it.
"If the only option I have is to vote for some of those tax reductions, I'll vote for them," Boehner said, later adding: "But I'm going to do everything I can to fight to make sure that we extend the current tax rates for all Americans."
If you raise taxes on someone who makes over $250,000 a year, and that affects their life style negatively, but, they can make it back by laying off two workers they've not need for quite some time, but, have kept on board because they felt loyalty. Guess which one's life style is going to change.
Hope those two who no longer have jobs are as open minded as you that "at least we got those rich people".
Small business would NOT be hurt by letting these cuts expire. Any that would lose a few bucks would make it back in spades by what Obama and the Dems have proposed. They want to make any investment in equipment,new building/plant etc for small business a full 100% tax CREDIT.
So,why hasn't it passed??? Republicans WILL NOT VOTE FOR IT.
Everybody has a different definition of "rich" – it is arbitrary at best. Thus any attempt to define "rich" versus "not rich" is equally arbitrary and inherently unfair. Meanwhile, 50% of this country doesn't pay a single penny in taxes. That is completely unfair. Dispense with the definitions, abolish the IRS, and insitute a FLAT TAX. Everybody pays in equally in proportion to their income. THAT'S fair.
Republican bipartisanship ? That is news.
If the millionaire liberals (Both Clintons, Gore, Edwards, Kerry and good chunk of the Hollywood activists) beleive they should be taxed more then they can just pay more taxes. The amount you owe on April 15th is a minimum, not a maximum. Put up or shut up.
The Republicans have been opposed to restoring the tax rates of 10 years or so ago to people making over $250,000 because they say that allowing the tax rates to go back up will harm the employment picture. Where is the logic in this? The tax rates have been low and we have high unemployment. Is that going to change now? Einstein said something to the effect that insanity is doing the same thing over and over and expecting a different result. Here's another thing. A $400,000 earner might have to pay another $6000 or $7000 in taxes. How much labor can you hire for that amount of money? That pays for about three months for one $24,000 earner. That won't generate much work. And for that $400,000 earner, after tax income might drop from $250,000 to $244,000. I'm pretty sure I could make ends meet
JD makes an excellent point. And in addition, the extra revenue the IRS gets by taxing the business owner will be more than offset by revenue lost due to his laying off those two workers and no longer paying payroll taxes on them, not to mention the sales taxes those former employess won't be paying since they won't have money to buy goods and services. Like it or not, the "rich" that the liberals love to vilify are the job-makers. Tax the rich = kill the jobs.
Hmmm,Why would those tax cuts be expiring when Republicans controlled everything when they were passed?? Why wouldn't they have just made them permanent?
Simple–to make them permanent Republicans would have had to provide documentation stating just HOW those cuts for billionaires like Bernie Madoff would be paid for. Of course they knew they wouldn't be paid for so they went this route. Now they want to do it again.
I'll believe it only AFTER Boehner casts his vote.
It's called "DERELICTION OF DUTY" if Republicans refuse to work for all Americans when they placed their hand on the Bible and took an oath to do so. If they continue to say "NO" then they should be court marshalled just like our military men and women. Until Republicans got to work and do what they've sworn to do "DO NOT COURT MARSHALL ANY MILITARY MEN AND WOMEN".
A shame America has to support Obama and Pelosi's spending.
OMG! Republicans voting Yes!?!?!?!? Wait thats not possible I must still be sleeping.
See how everyone is 'SO SHOCKED' that a reptiliCON will actually vote for a democrat idea.......that used to happen all the time, its called cooperation.
Most 'cons do not know this work any longer!!
I am worried that the democrats may actually 'lose' the house......there are, after all, a LOT of really stupid people in this country that will vote against their best interests because they have been brainwashed by FAUX news et al.
I think if all, most of you people can think about is Beohner"s TAN something is wrong,when there are people without jobs by the thousands in the unitied states BUT they push pass a healthcare instead of jobs ,healthcare isn't doing the people without jobs anygood OR the people that are losing thier homes anygood. We need to stop fighting each other and try to find away to correct this NOW!
raise taxes, cause the govt keeps spending what we dont have,lets try a spending cut, oh but that makes too much sense. recycle congress
Why do most people assume that anyone making 250k have employees?!?! Get real,the majority don't have anyone working for them so to claim they do is false.
I think most would agree that someone getting a paid $20,833 per month isn't exactly hurting. If they are then they are living beyond their means.
So, is it clear yet that the Republican agenda has not changed in 50 Years? A party that really only has a few selling points. No taxes (but they lie like Reagan and Bush Sr.) Pro-Life, somehow translates down to a single cell (ovum), anti-Socialist but everyone in congress and the senate is on some sort of lifetime support retirement system, pro-Capitalist even if it pollutes the entire oceans of the world, there is no global warming or if there is, we have nothing to do with it.
I think that about covers it. Now, do you really think Bonehead is going to cooperate in the spirit of give and take? He can't even answer the question without dancing.
where did the bush tax cuts create job, in communist china
FINALLY!!!.... someone (i.e. Joe) is getting the point. If you overtax the rich, they'll adjust (i.e. layoffs, close factories....) to compensate.
Free market forces, and consequently a company's stock value, require businesses to adjust to the economic environment in order to remain viable. If the rich aren't spending, then the average Joe isn't making anything which then leads to economic distress.
BTW, I'm not rich but I understand the basics in economics.
I don't believe him.
Plenty of Republicans said this during the health care reform debates. They'd demand the bill get watered down, Democrats would water it down, then the Republicans still wouldn't vote.
Don't trust this man.
How'd those massive tax cuts for Gates,Buffet,the Koch brothers (worth 30 BILLION EACH) and Bernie Madoff work for us last time around??
Simply put they ran us to the edge of the Second Great Depression. Hey...lets do it again OK???