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Report: Boehner Proposes Tax Rate Hike on Millionaires, White House Rejects (UPDATE: Or Not?)

Bill2365 Wrote: Dec 17, 2012 11:51 AM
There were a lot of rich progressives who voted for Obama. Raise their taxes and see if they don't squirrel it away in tax shelters instead of putting their money where their mouths (and votes) are by paying the higher rate..

We had the AP's write-up of this story on the homepage yesterday, but I think it's worth a second look.  Politico initially broke the news, so let's consult the original source:

Speaker John Boehner has proposed allowing tax rates to rise for the wealthiest Americans if President Barack Obama agrees to major entitlement cuts, according to several sources close to the talks. It is the first time Boehner has offered any boost in marginal tax rates for any income group, and it would represent a major concession for the Ohio Republican. Boehner suggested hiking...