Subscribe Register Login

Friday, August 29, 2014, 12:34 a.m.
Top Picks - Mobile App

Boehner: GOP didn't want to appear to raise taxes

By Bloomberg News

This article was published December 21, 2012 at 9:26 a.m.

house-speaker-john-boehner-r-ohio-pauses-during-a-news-conference-on-the-fiscal-cliff-on-capitol-hill-in-washington-on-thursday-dec-20-2012

House Speaker John Boehner, R-Ohio, pauses during a news conference on the "fiscal cliff" on Capitol Hill in Washington on Thursday, Dec. 20, 2012.

— House Speaker John Boehner said members of his Republican caucus refused to back his tax measure because they didn’t want to be accused of raising taxes.

Boehner spoke to reporters in Washington a day after he scrapped a plan to allow higher tax rates on annual income above $1 million, throwing already-stalled budget talks into turmoil.

It was “not the outcome I wanted, but it was the will of the House,” Boehner said. “They were dealing with the perception that someone might accuse them of raising taxes.”

Until Monday, President Barack Obama and Boehner had been edging closer to a deal that would have included $1 trillion each in tax increases and spending cuts.

Now that Boehner has pulled his plan, House members and senators won’t vote on the end-of-year budget issues until after Christmas, giving them less than a week to reach agreement to avert more than $600 billion in tax increases and spending cuts set to take effect in January.

“It looks like to me that obviously this is going to drag on into next year, which is going to hurt our economy,” Republican Sen. Bob Corker of Tennessee said in an interview for Bloomberg Television’s Capitol Gains program. “So this will just drag on and on. And it really is about just political courage.”

Comments on: Boehner: GOP didn't want to appear to raise taxes

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Displaying 1 - 3 of 3 total comments

Consultant says... December 21, 2012 at 12:38 p.m.

The Republicans will protect the rich above all else. Cut Social Security and harm the vast majority of all American's, that's OK, as long as the rich are protected. Why would anyone but the wealthy be a Republican? They give lip service about the middle class and core values but their biggest value is to protect the interests of the rich.

( | suggest removal )

RonalFos says... December 21, 2012 at 1:05 p.m.

With approval of Congress hovering around 12% most Americans are accusing Congress of not doing the job they are paid to do! They don't seem to give a fig about that!

( | suggest removal )

mhck52 says... December 21, 2012 at 1:16 p.m.

The Federal Government has enough revenue. It's the illegal spending stupid. All entitlement programs are unconstitutional and should be handled at the state level. At least Social Security and Medicare are funded by those who use it.

( | suggest removal )

  • page
  • 1
Click here to make a comment

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

TOP JOBS

  • Legal support sp.

    Arkansas Workers' Compensation Commissionlegal support speci...
    LITTLE ROCK, AR

  • Coding team lead

    Arkansas Health Group APRN or PA Baptist Health On-Site - 8a...
    Little Rock, AR

  • Sales rep

    fairfield bay area need a fulltime salesperson in russellvi...
    Little Rock, AR

  • Drivers needed

    drivers needed 5 years OTR verifiable experience. Drug test ...
    NORTH LITTLE ROCK, AR

  • Account executive

    account executivearkansas company hiring an . 3-4 yrs exp. S...
    LITTLE ROCK, AR

Search 921 jobs >

Top Picks - Mobile App
Arkansas Online