Boehner Reportedly Asked For Permanent Extension Of All Tax Cuts
This may be why fiscal cliff talks are not going well.
…the GOP House speaker sent the White House a fiscal cliff proposal calling for a permanent extension of Bush-era tax cuts for all Americans, including for incomes in the top 2%, a Democratic source said Wednesday.
Democrats took the GOP counter offer to mean that tax reform cannot result in any marginal rates higher than current law, according to the source, who said Boehner’s proposal was a “sign” to Democrats that “Boehner and the GOP are unwilling or unable to do any sort of deal that can pass the Senate or be signed by the president.”
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