With the election decided, Speaker Boehner urged President Obama this week to come together with the renewed Republican House majority to avert the looming “fiscal cliff” and bring jobs home. To do that, Boehner made clear the President must scrap the small business tax hikes he’s demanded, saying “A balanced approach isn’t balanced if it means higher taxes on small businesses that are the key to getting our economy moving again.” Below is additional coverage of Boehner’s address:
The Wall Street Journal reports “Mr. Boehner was clear that Republicans wouldn’t support raising tax rates.” “In fact, he said he wanted tax rates to be lower.” (Wall Street Journal, 11/7/12)
Newsmax says Boehner “[drew] a line in the sand” on hiking taxes on the American people. “Instead, Boehner is willing to tame the soaring national debt and avert a bruising battle over the approaching ‘fiscal cliff’ by closing tax loopholes to raise government revenue and by cutting government spending and reforming entitlement programs. That is the way to help grow the economy and make the tax code fairer, Boehner said.” (Newsmax, 11/7/12)
On Fox News, conservative analyst Charles Krauthammer says Boehner is saying “what the debt commission Obama himself appointed had said.” “Obama has a sort of religious attachment to the idea of raising rates. It’s agreed if you raise the rates you decrease economic activity and prosperity.” (Fox News, 11/7/12)
Hot Air blog says yesterday’s move was “Boehner’s way of preempting Obama and signaling to the public that he’s not opposed to all deals involving more tax revenue, just ones that involve rate hikes.”
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