Source: Boehner offers to include higher tax rates on wealthy to avoid fiscal cliff
December 15th, 2012
09:24 PM ET
1 year ago

Source: Boehner offers to include higher tax rates on wealthy to avoid fiscal cliff

Washington (CNN) - House Speaker John Boehner has offered to include higher tax rates on the wealthiest Americans as part of a deficit-reduction deal to avoid the fiscal cliff, a source close to the talks confirmed to CNN on Saturday.

The latest twist in the negotiations, first reported by Politico, indicates a possible breakthrough in the protracted efforts to forge a deal to reduce the nation's chronic federal deficits and debt.

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Filed under: 2012 • Fiscal Cliff • John Boehner • President Obama