John Boehner has placed tax increases for the wealthy on the table

Are They Close?

John Boehner has placed tax increases for the wealthy on the tableBy James Turnage:

Politico is reporting that one of its sources claims John Boehner has placed tax increases for the wealthy on the table. He has been adamant that Republicans would never agree to a tax increase for anyone. President Obama has said that there would be no agreement to end the chance of falling over the “fiscal cliff”, without increasing taxes on the wealthiest 2 percent.

Boehner is demanding spending cuts, changes to entitlement programs, and action to reform the tax code. President Obama has agreed to talk about those once Republicans agreed to raise taxes on those making over 250,000 dollars a year.

Boehner has been pressured by the White House, Democrats, the business community, and some fellow Republicans to step down from his position on tax increases.

If all this is true, it is still possible to pen an agreement before the deadline.

James Turnage

News Correspondent-The Guardian Express