Image Source: Politico

BY JOE CHIODO

As part of a deficit-reduction deal to avoid the looming fiscal cliff, House Speaker John Boehner’s making a move we haven’t seen before.

The House’s top Republican — who has previously said no to tax RATE hikes — has reported offered hikes for those making more than $1 million a year.

That isn’t exactly what President Obama asked for — which was rate hikes for families making more than $250,000 — although it’s a start.

But it isn’t an unconditional offer — reports suggest the House Speaker is asking for entitlement cuts in exchange — which has long been a key GOP demand. So what are the possibilities of a such a deal actually happening? Boehner’s spokesman told Politico there isn’t an agreement yet, and...

“...Boehner and the House GOP leadership ... are facing a serious erosion in support from Senate Republicans...”

And Hot Air’s Jazz Shaw is pessimistic, noting, “Even if they came to some sort of deal ... the two men would still have to sell the plan to their respective parties … then herd enough cats into the chambers to actually vote for it.”

Not necessarily so in the House — where Republicans like New York’s Peter King told Fox News they’ll support whatever the speaker negotiates.

Either way — the president has reportedly already turned down Boehner’s offer — since Obama has been looking to increase taxes on a wider swath of the wealthy. But it’s a move toward compromise. Lawmakers say a framework agreement must be reached by early this week in order to move legislation through Congress before the Christmas holiday.

Boehner Proposes Millionaire Tax Hike to Avoid Fiscal Cliff

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Dec 16, 2012

Boehner Proposes Millionaire Tax Hike to Avoid Fiscal Cliff

Image Source: Politico

BY JOE CHIODO

As part of a deficit-reduction deal to avoid the looming fiscal cliff, House Speaker John Boehner’s making a move we haven’t seen before.

The House’s top Republican — who has previously said no to tax RATE hikes — has reported offered hikes for those making more than $1 million a year.

That isn’t exactly what President Obama asked for — which was rate hikes for families making more than $250,000 — although it’s a start.

But it isn’t an unconditional offer — reports suggest the House Speaker is asking for entitlement cuts in exchange — which has long been a key GOP demand. So what are the possibilities of a such a deal actually happening? Boehner’s spokesman told Politico there isn’t an agreement yet, and...

“...Boehner and the House GOP leadership ... are facing a serious erosion in support from Senate Republicans...”

And Hot Air’s Jazz Shaw is pessimistic, noting, “Even if they came to some sort of deal ... the two men would still have to sell the plan to their respective parties … then herd enough cats into the chambers to actually vote for it.”

Not necessarily so in the House — where Republicans like New York’s Peter King told Fox News they’ll support whatever the speaker negotiates.

Either way — the president has reportedly already turned down Boehner’s offer — since Obama has been looking to increase taxes on a wider swath of the wealthy. But it’s a move toward compromise. Lawmakers say a framework agreement must be reached by early this week in order to move legislation through Congress before the Christmas holiday.

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