Wednesday, November 28, 2012

Boehner slams door on proposal to stop holding middle-class tax cuts hostage

Boehner slams door on proposal to stop holding middle-class tax cuts hostage
"The key thing that this reveals is that Republican rhetoric about revenue is nothing but hot air. They can talk until they are blue in the face about being willing to accept revenue, but unless they stop holding everything hostage for Bush's high-income tax cuts, they haven't actually done anything meaningful. Remember, under current law, Bush's tax cuts on income above $250,000 per year will expire on December 31. Extending them past that point would represent a new tax cut."