Thursday 14th of December 2017 8:01:59 AM

  • “…the President is not there yet.”

    Tuesday 18th of December 2012 11:12:29 AM

    This morning in Washington, Speaker John A. Boehner suggested that tax rates should be raised for those that have an income over $1 Million as well as leaving in place the spending cuts to domestic and military programs. The Republicans feel that not doing so would have catastrophic consequences!

    This suggestion, otherwise known as “Plan B,” came about twenty-four hours after President Barack Obama offered a more inclusive covenant that would increase taxes on income over $400,000, raise $1.2 trillion in new revenue as well as cut $930 Billion in spending within the next 10 years. Boehner found this to be unstable and unsatisfactory.

    Speaker John A Boehner said “What we’ve offered meets the definition of a balanced approach, but the president is not there yet.” Mr. Boehner has made it evident that he will continue collaborating with the President in order to find a solution.

    White House Press Secretary Jay Camey said that Plan B would not be able to be passed by the Senate “therefore will not protect middle-class families” against significant tax increases commencing January 1, 2013.

Leave a comment