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.

FULL STORY

Filed under: 2012 • Fiscal Cliff • John Boehner • President Obama
soundoff (89 Responses)
  1. Mary Zargari

    Great job Mr.boehner! Finally you agreed with majority of Americans:))

    December 16, 2012 12:46 am at 12:46 am |
  2. raj

    atlast boehner is using his commonsense to do the math and cornored to think about the nation than tea and coffee party folks.

    December 16, 2012 01:10 am at 1:10 am |
  3. datadoggie

    Great, now you think he can sit down with dems and repubs in the house and write the legislation?

    December 16, 2012 01:26 am at 1:26 am |
  4. dee

    Well, it's about time!

    December 16, 2012 01:27 am at 1:27 am |
  5. Scott

    Is this supposed to be a news story? Were's the detail? FOX has a couple of pages and the details!

    December 16, 2012 01:30 am at 1:30 am |
  6. America1st

    Why in the world is an outsourcer, quarter billionaire like Romney paying 13% while I pay 21%. You BETTER accept rates will go up, but also close those magic loopholes whereby no one with a good accountant pays even what a school teacher pays. The middle class are getting SCHOOLED by these politically connected corporate raider mafiosa.

    December 16, 2012 01:32 am at 1:32 am |
  7. America1st

    The appalling loophole where everyone making over a $1m simply converts their income to stocks and pays no more than 15%, while I pay 21% is a charade. CLOSE THE LOOPHOLES. RETURN US TO THE CLINTON TAX RATES.

    December 16, 2012 01:34 am at 1:34 am |
  8. Robert Buchler

    I appreciate the Speaker offering cuts on the very wealthiest. As someone who voted for the President, I think it is only fair to make cuts in the 2 year unemployment benefits limit and require drug testing for both unemployment insurance and welfare benefits. I was laid off as a teacher a did a lower paying security officer job, instead of sitting back and collecting unemployment for 2 YEARS! We as a nation need to collaborate and work towards a common goal.

    December 16, 2012 01:40 am at 1:40 am |
  9. Bob MacKay

    Good for Speaker Boehner. Of this is true...that he, not the President, made the first real step and compromise towards a fiscal cliff avoiding deal, then that is impressive. I typically have voted Democratic, but Boehner's taking the lead here is very impressive, and will have me respecting the Republican Party more. ...As a side point, I voted for Obama again this year, but I have been disturbed by his intransigence, and complete inability to work with the Republicans on this major issue.

    December 16, 2012 01:49 am at 1:49 am |
  10. Honest Song

    Thank you. Time to be patriots. Put the country before the party.

    December 16, 2012 01:51 am at 1:51 am |
  11. Name!Queenie jones

    I congradulate President Obama for his strength to whole out and stand for the american middle class. That's why I voted for him, because I belived he would fight for the low incme and the middle class americans. Thank you, Mr. President

    December 16, 2012 01:53 am at 1:53 am |
  12. Thomas

    It's about time !

    The GOP acts like GW Bush is still King .

    December 16, 2012 02:12 am at 2:12 am |
  13. Bill from GA

    Don't cave, Dems.

    Threshold: $250K

    And get the debt ceiling fix in the deal.

    December 16, 2012 02:30 am at 2:30 am |
  14. Noe Bahdy

    I understand it's important to get new information out quickly, but I don't get the point of an article small enough to fit in a tweet...

    December 16, 2012 02:45 am at 2:45 am |
  15. LouDogg

    Ok...so what is the deal?

    December 16, 2012 03:14 am at 3:14 am |
  16. Name

    Elections have consequences.

    December 16, 2012 03:22 am at 3:22 am |
  17. Chuck

    The first time? Considering those tax increases have been off the table for two years what the heck was he doing before?

    December 16, 2012 03:43 am at 3:43 am |
  18. Independent jim

    the GOP is in a tight spot ...raise rates on the top 2% or raise rates on 100% ..what to do what to do.. it is all so complicated

    December 16, 2012 06:21 am at 6:21 am |
  19. DCDave

    Thanks Obama for promoting class wars. In DC, couples earning $130k each are doing fairly well, but housing and schools are expensive and we find your term "rich" offensive. Like you, living in DC, we choose to send our kids to private schools. Like you, the schools are over 30k/year. With 3 kids, we are spending close to 100k/yr for their education. We manage ok, but we are not "rich".
    I'm ok with raising taxes for truly rich (most folks I know that are rich are so from family money, not their own work), but calling my family "rich" promotes class wars, which I guess you are ok with.

    December 16, 2012 06:38 am at 6:38 am |
  20. Name. Ron

    Deficit can be reduced without killing everyone with taxes. They just have to do something other than playing games. Maybe they are starting to get the picture.

    December 16, 2012 07:03 am at 7:03 am |
  21. Name

    Listen to the will of the people not just your small 500000 constituents.

    December 16, 2012 07:12 am at 7:12 am |
  22. NameL.J. Tulliet

    Its about time! Thank you Mr Boehner.

    December 16, 2012 07:16 am at 7:16 am |
  23. Jim

    This will absolutely devastate the luxury yacht market, is that what you socialists want? Your wealthy floating around in the ocean in dinghies?

    December 16, 2012 07:18 am at 7:18 am |
  24. Steph

    Let us hope both sides come to a deal soon to avoid this cliff. We can't afford to go over it!

    December 16, 2012 07:19 am at 7:19 am |
  25. Karen Hume

    It's about time,Republicans finally listen to the people. Hopefully Congress will start to work for us too!

    December 16, 2012 07:22 am at 7:22 am |
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