House Speaker John Boehner has proposed raising tax rates on people making more than $1 million, a source familiar with the talks told Fox News, in a development that could signal at least some movement toward a deal with President Obama.

According to the source, the latest offer is not being rejected, but there are still issues remaining and there is a serious effort to work out the difference.

At issue are expiring Bush-era tax cuts that would automatically vanish on Jan. 1 for virtually every income tax payer if Congress and the president don't act. Steep budget cuts are also scheduled to kick in, unless Congress and Obama agree to forestall them with other deficit reduction measures.
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According to the source, the latest offer is not being rejected, but there are still issues remaining and there is a serious effort to work out the difference.

http://www.foxnews.com/politics/2012/12/...ke-report-says/

They're working soooo hard to get this done by Christmas Eve....it's the only day of the year when they actually work. Apparently, they enjoy the drama...

Not all that surprising from the leader of the Vichy Republicans.

I just wish they'd let Obama do whatever he wants. Give him enough rope to hang himself. It's getting to where I really don't care much for Boehner any more.

Quote: ozarkian wrote in post #4

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I just wish they'd let Obama do whatever he wants. Give him enough rope to hang himself. It's getting to where I really don't care much for Boehner any more.

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