Aa
Aa
A
A
A
Close
1530342 tn?1405016490

Speaker: House won't back deal with tax hike

WASHINGTON (AP) — Speaker John Boehner says he agrees with President Barack Obama that the nation's borrowing limit must be raised to avoid a government default but insists that House Republicans won't back any deal with tax increases.
http://news.yahoo.com/speaker-house-wont-back-deal-tax-hike-175401702.html

Talking to reporters shortly before a White House meeting, Boehner (BAY'-nur) said there is a way to increase revenues without raising taxes. He embraced the idea of significant tax reform. But he said it can't be done without serious changes to the major benefit programs such as Social Security and Medicare.

He said Obama insists on raising taxes but the White House isn't serious enough about reforming entitlement programs.

Obama and congressional leaders are laboring to complete a deal to slash spending and raise the government's borrowing limit before an Aug. 2 deadline.
2 Responses
Sort by: Helpful Oldest Newest
1530342 tn?1405016490
Well at least he now agrees that we need to increase the limit to avoid default...Slow and steady wins the race Mr. President!..... My question is, why can't it be done without touching SS and Medicare? For now, that is what is holding up and hopefully will continue to hold up the American People..I'm sure there are PLENTY of other programs they can cut from, why not start there and see what revenue that brings then if there's still a gap then look to reform welfare? Make SS and Medicare a last resort (so to speak)...I mean These 2 programs ARE NEEDED..Yes they need reform but not right now when the economy is at stake unless it's ABSOLUTELY DIRE...JMO
Helpful - 0
Avatar universal
HA HA HA... Boehner agrees with the President?  Jesus..... well, that still means nothing because he won't stray from party line affiliation....

Tax reform is something that I think both sides of the spectrum agree needs a repair.  Glad to see a republican thinking that way.  But still, republicans want to dice into broken programs like SS and Medicare....  Personally, I think if they get any kind of tax reform and people who are paying too little in taxes (think corporations and off shore bank accounts) start to pony up and pay.... things like SS may be saved and still generate some revenue.
Helpful - 0
You must join this user group in order to participate in this discussion.

You are reading content posted in the Current Events . . . Group

Didn't find the answer you were looking for?
Ask a question
Popular Resources
Herpes sores blister, then burst, scab and heal.
Herpes spreads by oral, vaginal and anal sex.
STIs are the most common cause of genital sores.
Condoms are the most effective way to prevent HIV and STDs.
PrEP is used by people with high risk to prevent HIV infection.
Can I get HIV from surfaces, like toilet seats?