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

8 Responses to "John Boehner has placed tax increases for the wealthy on the table"

  1. chris   December 16, 2012 at 10:16 am

    Great job. Let’s tax the “wealthy” a little more,
    While half the country is sitting around being
    Lazy and not paying anything. How about those
    Americans who can work go get a job.

    Reply
    • James   December 16, 2012 at 10:36 am

      Only slightly more than 1% get welfare and they must work to get it and have a lifetime limit of five years. That is not half the country. Average workers ( whose wages have been frozen since 1969) face payroll taxes, Social Security, Medicare, state/local taxes, fees, license and interest, which overall are much more than just federal taxes paid by the rich. The top percentile have extracted over 80% of all new wealth into tax dodging accounts offshore (21 trillion a direct result of 3 decade increase of worker productivity of 25%) making money off of tax payer paid interest and no jobs. The greatest transfer of wealth from bottom to top, since the 19th century, is strangling our economy and must stop.

      Reply

Leave a Reply

Your email address will not be published.