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. penguin

    What spending cuts did he propose? Does the tax rate increase include an increase in the rate on unearned income? I would prefer a flat earned income tax and a progressive unearned income tax.

    December 15, 2012 10:22 pm at 10:22 pm |
  2. Bob

    Today the "rich"

    Tomorrow the rest of us!

    This government does not have a revenue problem – it has an out of control spending habit that will doom us all!!

    December 15, 2012 10:25 pm at 10:25 pm |
  3. Missj75

    What took him so darn long?! UGH!!

    December 15, 2012 10:26 pm at 10:26 pm |
  4. john Tavolacci

    Finally, the Republicans are finally starting to come to there senses. Now we need to put into place much tougher gun control laws without worrying about the NRA feels about it!

    December 15, 2012 10:26 pm at 10:26 pm |
  5. marrtha

    The American people have spoken and they continue to speak in the poll. The GOP need to swallow their pride and save time by ending this fight and also save face for the second time this year.

    December 15, 2012 10:27 pm at 10:27 pm |
  6. Missj75

    What took him so long? Ugh!!!

    December 15, 2012 10:27 pm at 10:27 pm |
  7. Marcia

    Finally......Its about time!

    December 15, 2012 10:27 pm at 10:27 pm |
  8. roark howard

    25% of Americans pay 84.2% of federal income taxes. If you throw in state taxes, real estate taxes, property taxes, capital gains taxes, etc, etc, those same 25% of American pay approximately 95% of all (non-corporate) taxes. If you throw in corporate taxes, 75% of Americans account for less than 1% of the taxes paid in the USA...tell me, what is their fair share? nothing?

    December 15, 2012 10:30 pm at 10:30 pm |
  9. roark howard

    The only way to solve the debt crisis is to reduce government spending, AND expand the tax base so that those 75% of Americans who currently account for less than 1% of taxes start paying their "fair share."

    December 15, 2012 10:31 pm at 10:31 pm |
  10. Steve Lyons

    Pack your bags Boehner you're fired.

    December 15, 2012 10:31 pm at 10:31 pm |
  11. Homer10

    Mohamid Alli called it rope a d0pe.

    December 15, 2012 10:42 pm at 10:42 pm |
  12. randall

    that's really not much of a concession

    December 15, 2012 10:59 pm at 10:59 pm |
  13. Larry

    About time. Now maybe the ultra wealthy can start paying what we in the middle class already pay in taxes. Just remember Bohner MY SOCIAL SECURITY and MEDICARE belong to me and the people that are working. We paid for it in advance. It is not on the table. How about paying for the added spending that Bush did in the 2 wars that were on the credit card and use the tax dollars of the ultra wealthy that reaped those benefits of war to pay for it.

    December 15, 2012 11:21 pm at 11:21 pm |
  14. S.B. Stein E.B. NJ

    Finally he is coming to his senses. That needs to be done. Should the president give on other items? I don't know how much, but there should be some consideration.

    December 15, 2012 11:25 pm at 11:25 pm |
  15. Tameka Windsor

    Well finally the republicans know they cant win they wont stop at nothing to block the president of his agenda. As for them thinking they have won the battle on Susan Rice they just dont know what they have started they were evil doers and will always be looked as bullies.

    December 15, 2012 11:32 pm at 11:32 pm |
  16. show some love

    Now this will in deed be a blessed christmas, to the speaker of the house. this year i have faith that god will in deed bless you an yours an i am very proud that you did what was good for the peoples so isay again that's the way we show our love. god bless you. speaker.

    December 16, 2012 12:12 am at 12:12 am |
  17. Meghan

    About time! Now both sides get the rest of the deal done and don't try to stall to play another game of chicken with the debt ceiling.

    December 16, 2012 12:21 am at 12:21 am |
  18. okay is the dark side of terrible

    Anyone familiar with negotiations understands that you have to give to get. In this case it gets old when our leaders spin terrible performance in their jobs as compromise so that we feel led- I for one feel really tired of the state of our union and no it will not result in a tragedy, simply me voicing my opinion as is allocated in the 1st amendment. I am not suicidal, I am not homicidal but I am absolutely incensed and disgusted by the way our country is managed. We are better than this, we are the best country in the world according to our standing in 1951 prior to global inter-immediate communication. When our elected leaders so gratuitously grandstand on the worlds stage in the name of party and constituency responsibility while the country continues to slide into secondtondum, we as a people end up victims at the hands of our protectors (not providers and if you try to infer that was what i meant than you are dead wrong because I am an entrepreneur and job creator.). We must use the indebted hands we have left to sequester the actions of change. We must remember that is indeed our country and those that feel they are simply a number shall embrace that face and add themselves to other numbers to create a referendum of mathematical majorities that shift us back to a UNION.

    December 16, 2012 12:22 am at 12:22 am |
  19. travismatthew

    Grover's going to be upset.

    December 16, 2012 12:23 am at 12:23 am |
  20. Name

    Its about time

    December 16, 2012 12:28 am at 12:28 am |
  21. travismatthew

    About time.

    December 16, 2012 12:32 am at 12:32 am |
  22. Koz

    I don't believe him. Let's just go off the cliff already and be done with it!

    December 16, 2012 12:39 am at 12:39 am |
  23. Squigman

    Hopefully soon to be ex speaker Boehner: Regardless of your offer. Regardless of your position. Regardless of your majority in the congress, be assured that this is your swan song for a position of power in the government. Your people have held the American people hostage since 2008, and it's coming to an end as of 2014. The fact that you and your party have a approval rating, that rates up there with skunks at a picnic is the reason. In a word, you suck.

    December 16, 2012 12:39 am at 12:39 am |
  24. rad666

    "reduce the nation's chronic federal deficits and debt." -– What about all the off the books spending for overseas conflicts?

    December 16, 2012 12:42 am at 12:42 am |
  25. Paul Acosta

    Not going to happen, the Republicons will never allow this. This is nothing but all talk, watch as the Republicons destroy our Nation just so they don't have to pay any taxes!!!

    December 16, 2012 12:42 am at 12:42 am |
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