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

brainmcfarlane Wrote: Dec 17, 2012 4:56 PM
I guess I missed it where raising taxes on anyone will help the economy. I thought the reason to raise taxes was to collect more revenue? Or is it to be "fair"?

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...