09/13/2010 - U.S. House Republican Leader John Boehner said he would vote for middle-class tax cuts sought by the Democratic Obama administration even if it means eliminating reductions for wealthier Americans.
Boehner would support extending tax cuts for those making less than $250,000 a year “if that’s what we can get done, but I think that’s bad policy,” he said yesterday on CBS’s “Face the Nation” program. “If the only option I have is to vote for some of those tax reductions, I’ll vote for it.”
Obama’s plan would cost the federal government $2.2 trillion in revenue over the next decade, according to the Pew Economic Policy Group. The Republican proposal to keep the tax cuts for wealthy Americans would cost an additional $1.1 trillion, Pew said. Republicans say the tax cuts should be retained without reducing spending or raising taxes elsewhere.
Read the rest of the article House’s Boehner Says He Would Vote for Middle-Class Tax Cuts on the Bloomberg Businessweek Web site.