AP Source: Boehner Offers Millionaire Tax Hike

By: AP
By: AP

WASHINGTON (AP) -- House Speaker John Boehner has proposed raising top rates for earners making more than $1 million, a person familiar with the negotiations says. President Barack Obama, who wants higher top rates for households earning more than $250,000, has not accepted the offer, this person says.

The proposal, however, indicates new progress in talks that had appeared stalled. The person would only discuss the plan on the condition of anonymity because of the sensitivity of the negotiations.

Boehner is still seeking more spending cuts than Obama has proposed, particularly in mandatory health care spending. Boehner has asked for a long-term increase in eligibility age for Medicare and for lower costs-of-living adjustments for Medicare.

Boehner's tax proposal was first reported by Politico.

A Boehner aide would not comment on the report.


WILX.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 183695911 - wilx.com/a?a=183695911
Gray Television, Inc.