RSS
Boehner: Obama willing to go over fiscal cliff
Boehner says he's "flabbergasted" at the Democrats' proposal that includes $1.6 trillion in increased tax revenues.
Boehner says he's "flabbergasted" at the Democrats' proposal that includes $1.6 trillion in increased tax revenues.
Alex Wong/Getty Images
A

t a news conference on Thursday, House Speaker John Boehner (R-Ohio) suggested that President Obama is willing to "slow-walk" the U.S. over the impending fiscal cliff, adding that the reason Congressional Republicans have not yet reached an agreement with Obama is because "the president wants to pretend spending isn't the problem." In his latest offer to the GOP, President Obama reduced the amount of revenue he wants to collect from $1.6 trillion to $1.4 trillion, which includes raising the individual tax rates on the top 2 percent of earners. Boehner opposes the tax hike, and wants to overhaul the tax code instead to generate more revenue. Republicans also want more spending cuts, particularly in entitlement programs like Medicare.

EDITORS' PICKS

THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER

Subscribe to the Week