Tags: boehner | obama

Boehner: 'I Won't Accept Tax Increase'

Thursday, 07 Jul 2011 04:21 PM

By Newsmax Wires

WASHINGTON — House Speaker John Boehner told his Republican members Thursday that chances of reaching a budget deal within the next few days "was maybe 50-50," a party aide said.

"Whether or not it happens is really dependent on whether they [Democrats] continue to insist on tax hikes" over Republican objections, the aide said. Boehner offered his assessment at a closed-door meeting with members shortly before White House talks with President Barack Obama and other congressional leaders.

Boehner told a closed meeting of the House Republican Conference that tax hikes were “off the table,” even as he considers a variety of ways to increase revenue, according to Politico.

Boehner said he thought the White House’s new, more aggressive debt-reduction plan is a test balloon to see how Democrats reacted to serious tinkering with the nation’s entitlement structure. Obama is considering options to cut as much as $4 trillion in government spending over the next 10 to 12 years, including changes to Medicare and Social Security.

The speaker said it will be clear within the next few days whether an agreement can be reached.

“Whether or not it’s possible depends on whether the White House insists on tax hikes,” a GOP aide told Politico.

But Boehner said revenue increases could be part of an agreement with the Obama administration and congressional Democrats — but not tax increases, several sources reportedly told Politico. New revenue could come from spectrum auctions, user fees and the sale of un-usued federal lands, among other options.

Boehner offered little else on negotiations.

“Everything is on the table except raising taxes on the American people,” Boehner said, when asked about reaching a deal. When asked about comprehensive tax reform being part of the deal, Boehner declined to entertain the proposition, but said he thought it was generally important to overhaul the tax code.

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved