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Boehner: 'I Did My Part'
CNS News.com ^ | December 20, 2012 | Elizabeth Harrington
CNS News.com ^ | December 20, 2012 | Elizabeth Harrington
Boehner: 'I Did My Part' | CNS NewsSpeaker of the House John Boehner (R-Ohio) said 'I did my part in negotiations with President Barack Obama to avert the fiscal cliff by offering a proposal to raise taxes on millionaires.
Just hours before the House plans to vote on the Speakers Plan B, which will raise the marginal tax rate for people earning $1 million or more per year to 39.6 percent, Boehner said Republicans have done everything we can to avoid the fiscal cliff.
The fiscal cliff refers to the expiration of the Bush tax rates and the start of automatic spending cuts (sequestration) on Jan. 2, unless Congress and the White House act. The tax issues also include the child tax deduction; the end of the 10 percent bracket; and the Alternative Minimum Tax.
President Obama and Senate Democrats havent done much of anything, Boehner said during a Capitol Hill press conference today. Their Plan B is to slow walk us over the fiscal cliff.
For weeks the White House has said that if I moved on rates, that they would make substantial concessions on spending cuts and entitlement reform, Boehner said.
I did my part, he said. Theyve done nothing.
The presidents last offer of $1.3 trillion in new revenue [taxes] with only $850 billion worth of spending reductions fails to meet the test of balanced that he continues to call for.
Frankly, Boehner continued, Im convinced that the president is unwilling to stand up to his own party on the big issues that face our country. Time is running short.
The House will act today and itll be up to the Senate Democrats and the White House to act, he said