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Boehner: ’We’ve got some serious differences’ on budget plan

By Bloomberg News

This article was published December 12, 2012 at 10:10 a.m.

house-speaker-john-boehner-of-ohio-walks-to-the-house-floor-to-deliver-remarks-about-negotiations-with-president-barack-obama-on-the-fiscal-cliff-on-tuesday-dec-11-2012-on-capitol-hill-in-washington

House Speaker John Boehner of Ohio walks to the House floor to deliver remarks about negotiations with President Barack Obama on the fiscal cliff on Tuesday, Dec. 11, 2012, on Capitol Hill in Washington.

— Republicans in Congress hardened their resistance to President Barack Obama’s proposed higher taxes for top earners and called on him to propose spending cuts.

Obama’s budget plan is “mainly tax hikes,” House Speaker John Boehner said Wednesday in Washington. “We’ve got some serious differences,” he said. During a phone call Tuesday, Boehner said, he and the president were “frank” about “how far apart we are.”

If Congress doesn’t act, more than $600 billion in tax increases and spending cuts, the so-called fiscal cliff, will start taking effect Jan. 1. Tax rates for income at all levels would rise, along with taxes on estates, capital gains and dividends.

Senate Majority Leader Harry Reid said on the Senate floor Wednesday he was “very, very disappointed” with the lack of progress. He said Republicans will either agree to raise tax rates on top earners, “or we are going to go over the cliff” of tax increases and spending cuts scheduled to begin in January.

House leaders are telling members that votes are possible after Christmas, said Rep. Doc Hastings, R-Wash. “It’s going to be a long December.”

Read tomorrow's Arkansas Democrat-Gazette for full details.

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Nate says... December 12, 2012 at 11:59 a.m.

Elections do have consequences! I've been hearing the President's view and proposal for over a year - I've always thought they were pretty clear but most of all, I agreed with those views so Speaker Boehner is just now hearing them?

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SUPERDUTY says... December 12, 2012 at 12:20 p.m.

I may be wrong, but I think every problem we have can be attributed to politicians. They have cheated, stolen, given away, so much money that now we may never be able to get out of this hole they have put us in. My guess is that when it finally does cave in, they will hop on a private jet and haul a** for South America. Why have we allowed this to happen? Our forefathers never intended it to be this way. They should be ashamed of themselves.

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SurferDuuuude says... December 12, 2012 at 4:07 p.m.

Hey Nate - BH Obama has flip and flopped on the deal like a fish out of water. He has changed his target "revenue" goals; he first agreed tax increases (even on the top 2%) hurt economic growth, but now says no; he once agreed to cuts in entitlement programs, but now says "hands off"; once BH agreed it was terrible public policy to increase taxes during a recession, but now, not so much; his most recent budget submitted to Congress received ZERO votes for passage. I agree that elections have consequences. That's why we have John Boehner fighting for the American people.

Lost in all the hysteria is the real reason for the stalemate. One party wants a larger and more intrusive federal government desigend to increase dependency on government and destroy individual ideals of self-worth, while the other party wants to slow the growth and influence of the federal government. It's not about increasing taxes on the wealthy but increasing taxes, period. Sadly, the useful idiots of America have taken the class warfare nonsense hook, line, and sinker and taxes will be raised on the "rich" and the federal government will continue to grow. All the Republicans can do now is soften the blow as much as possible.

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