Tags: boehner | election | bush | tax

Boehner: House Will Vote Before Elections on Bush Tax Cuts

Wednesday, 09 May 2012 12:15 PM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The House will vote on continuing the George W. Bush era tax cuts before the November elections, says House Speaker John Boehner.

Republicans favor extending the tax cuts, which are scheduled to end Dec. 31, for people in all income brackets, while President Barack Obama and other Democrats want to maintain them just for the middle class.

“The House is going to act to extend the current tax rates. Whether we make them permanent or extend them for a year — that debate is still up in the air,” Boehner told CNBC Tuesday, The Hill reports. “Otherwise we’re going to have this mess all stacked up until after the election. And you want to talk about a train wreck? You’re talking about a big one.”

Political analysts say it’s unlikely that the Republican-controlled House and Democratic-controlled Senate will be able to reach an agreement on taxes before the election. And Boehner did nothing to quash that assumption.

“I’ve been in Washington long enough to know I shouldn’t have high expectations, especially with the United States Senate,” he said. The Senate will have to pass a bill of its own before the House can negotiate with it, Boehner said. “The House is prepared to extend all the current tax rates. The Senate has to act. Until the Senate acts, it’s hard to determine how we deal with this.”

Boehner reiterated that Republicans seek comprehensive tax reform that would slice the top individual income tax rate to 25 percent, from 35 percent currently. But he said that’s unlikely to happen this year.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
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
 
Email:
Country
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

Ferguson Shooting Spurs Sharpton Get-Out-The Vote Effort

Friday, 31 Oct 2014 22:03 PM

With Tuesday's midterm elections approaching, the memory of Michael Brown – the Ferguson, Mo. man shot to death by polic . . .

Kansas Urges Judge Not to Rule on Gay Marriage

Friday, 31 Oct 2014 20:23 PM

The Kansas attorney general's office told a federal judge Friday that he should not consider blocking the state from enf . . .

Virgin Crash Sets Back Space Tourism by Years

Friday, 31 Oct 2014 18:55 PM

The deadly crash of Virgin Galactic's spacecraft has dealt a devastating setback to the cause of space tourism, delaying . . .

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.

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