Source: Boehner offers to include higher tax rates on wealthy to avoid fiscal cliff
December 15th, 2012
09:24 PM ET
8 years 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
soundoff (89 Responses)
  1. Dan

    Should have happened about twelve months ago, but great first step.

    December 15, 2012 09:30 pm at 9:30 pm |
  2. BRIAN P

    Finally now if he drops to 500K he will get the deal done with cuts to defense leading the way. Negotiate drug prices will also save a lot. Jobs program while is spending also generates revenue.

    December 15, 2012 09:43 pm at 9:43 pm |
  3. BRIAN P

    Get this done before XMAS

    December 15, 2012 09:45 pm at 9:45 pm |
  4. Getoverit

    Ok. Republicans are willing to make concessions. Obama's turn.

    December 15, 2012 09:49 pm at 9:49 pm |
  5. Kaye

    Well it is a start. We gotta get this done congress! This is affecting many of us. Companies are not hiring thanks to the gridlock. Time for compromise .

    December 15, 2012 09:49 pm at 9:49 pm |
  6. Another Obama Fail

    Sounds fair.
    Why expect anyone to increase their tax rate without offering up a spending cut?
    Obama is not showing a fiscal responsibility here. Obama just wants more to spend; and for what?

    December 15, 2012 09:50 pm at 9:50 pm |
  7. Name chris

    It is time to move this thing along. Now he can invest some time In dealing with poor people issues
    .

    December 15, 2012 09:51 pm at 9:51 pm |
  8. Revelation

    I hope this is a good news to American.

    December 15, 2012 09:54 pm at 9:54 pm |
  9. s

    sorry if you make 250000 a yr you can sacrafice a little more to the govt. I dont make that in 10 yrs

    December 15, 2012 09:58 pm at 9:58 pm |
  10. Jo Lena Johnson

    Don't fall for it. $250k & higher

    December 15, 2012 09:58 pm at 9:58 pm |
  11. singe

    well that is news. lets see if it is the same story by monday.

    December 15, 2012 10:00 pm at 10:00 pm |
  12. Larry

    Why is this breaking news. We all knew he would. The question was when. He finally realizes they lost.

    December 15, 2012 10:00 pm at 10:00 pm |
  13. Mo

    i predict they will settle on tax rates going up for incomes over $500K, and cuts totalling $500 Billions.

    December 15, 2012 10:01 pm at 10:01 pm |
  14. liberty89

    soundoff without a voting system is worthless.

    December 15, 2012 10:03 pm at 10:03 pm |
  15. Ken

    Fair offer...250k too low I'd go as low as 500k no more

    December 15, 2012 10:07 pm at 10:07 pm |
  16. Louis Capozzi

    I think that John Boehner deserves credit for negotiating in good faith and showing a greater willingness to compromise that say, for example, Harry Reid (whom we have unsurprisingly heard nothing about for weeks). Now it's time for Barack Obama to fulfill his end of the bargain and offer significant short and long-term spending cuts.

    December 15, 2012 10:07 pm at 10:07 pm |
  17. shaun

    the gop playing chicken with the cliff! They need to smell the coffee and do the right thing. The rich have been skimming the government for years and been getting all the cheap tax rates! I am very proud of Warren Buffett and the president! If you cut into medicare, medicaid, and social security. It will be no where enough to balance the budget and pay down debt without the rich apying more taxes. Close all of the loopholes for the rich as well! The entitlements don't need cut! It needs to be ran more efficently and cut waste and fraud. And give everyone of the congressmen and women a 25% pay cut!

    December 15, 2012 10:11 pm at 10:11 pm |
  18. Bomma

    Hang tough, Mr President! Please hang tough.

    December 15, 2012 10:12 pm at 10:12 pm |
  19. MC in LV

    Oh, in other words he's not serious, just trying to score political points with his base and hold on to the Speakership. Gotcha.

    December 15, 2012 10:12 pm at 10:12 pm |
  20. Name

    This bad! No more investors.. china gonna have them now 😦

    December 15, 2012 10:13 pm at 10:13 pm |
  21. bipartisanship

    Welcome the GOP to the real bipartisanship! 🙂 I'm a 'true' independent – twice voted for Reagan! If the GOP let the tax cuts for the rich expire, I expect Obama and the Democrats to uphold their end of the table.

    This is very good news for our country indeed! We must work together to build a strong America. There is no IFs or BUTs!

    December 15, 2012 10:13 pm at 10:13 pm |
  22. TheMiddlest

    Negotiate it down to 500,000-750,000 range, and make sure it is very serious about cutting spending too. Not a bad start 🙂

    December 15, 2012 10:14 pm at 10:14 pm |
  23. wasserball

    Did Boehner flinched?

    December 15, 2012 10:16 pm at 10:16 pm |
  24. Larry w

    Its about time, was that hard?

    December 15, 2012 10:18 pm at 10:18 pm |
  25. norman S

    It really doesn't matter if he offers the rate hike,it's going to happen anyway. The American people voted and made a choice,and the choice was not to touch Social Security,med or medicare,oh yeah republicans u lost the election,and the President(obama),has a mandate,Let's go over the Cliff

    December 15, 2012 10:18 pm at 10:18 pm |
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