Boehner: Tax Rate Increases 'Possible'
Speaker John Boehner said today that tax rates might be on the table in the fiscal cliff negotiations. “There are a lot of things that are possible to come from revenue, if the president seizes the opportunity,” said Boehner, asked about the possibility of raising the marginal tax rates on the top tax bracket. “But none of it is going to be possible if the president insists on ‘my way or the highway.’”
Boehner did speak with Obama today, but said, “it was more of the same … The White House has wasted another week.”
Nonetheless, it is now clear that while Joe Biden pitches less-than-Clintonian tax rates on the top 2%, Boehner is considering a tax rate increase. We may get a deal over the fiscal cliff. But it won’t be one conservatives like.