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

michael3485 Wrote: Dec 17, 2012 2:22 PM
The republicans have been trying to submit budgets and they do not get by Harry Reid. Not that he is ever credited as being in the do nothing government. How long will it be until you democrats blame the Obamacare deficits on the republicans? Of course, you already take all the credit for the "Contract with America" surplus that should be more credited to Newt Gingrich than Bill Clinton.

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...