Need to Know
December 16, 2012 7:16 AM
Boehner pitches millionaire tax hike
Posted by Staff
Politico reports:

White House officials declined to comment on the latest developments in the fiscal cliff talks.

Boehner has been offering $800 billion in revenue increases as part of an overall agreement with Obama. The president has countered with an offer of $1.4 trillion in new revenue, although he has moved in Boehner’s direction on this issue in recent conversations, sources said.

Republicans are now offering closer to $1 trillion in new revenue, sources said.

Obama has countered with $600 billion in cuts for entitlement and non-mandatory spending programs, hundreds of billions less than Boehner is seeking to trim from those programs, but the president is showing some flexibility on that front, as well. Facebook Fark Furl
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