WASHINGTON -- House Speaker John Boehner (R-Ohio) offered conciliatory words but no actual signs of compromise Friday at his first post-election press conference, reiterating the Republican Party's opposition to raising any taxes to deal with the country's debt and deficit. His position raises the likelihood of another bitter showdown in Congress over the same fundamental issues of taxes and fairness that roiled the legislature in 2010, when the nation nearly defaulted on its debts. This time, the country faces a "fiscal cliff" at the start of 2013, when the Bush-era tax cuts expire and the government has to start implementing a decade-long budget-cutting program worth about $1 trillion. Democrats, who used to favor the expiration of most of the tax cuts, have refined their position in recent years in favor of retaining all but those on income above $250,000, which would affect about 2 percent of the population. Republicans have opposed letting any taxes go up, and that remains their position, Boehner said in a speech Wednesday. Instead of discussing raising any taxes, Boehner said that President Barack Obama and Democrats should work with Republicans to come up with a tax-reform plan that cuts taxes, eliminates loopholes and makes the system simpler.
Boehner Stands By Opposition To New Taxes In Fiscal Cliff Fight
Michael McAuliff, Huffington Post: Business
Fri, 11/09/2012 - 11:08am
Topics: i even as we bush-era gop center update democrats post facebook house boehner boehner bush democrats obama congress romney senate taxes code percent cuts year ready plan government statement reform country voters favored approach start pass debt offered conference revenue box favor tuesday speech work
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