Boehner offers to raise taxes for those earning $1M

12/16/2012 | Bloomberg · Hill, The · Wall Street Journal, The

House Speaker John Boehner, R-Ohio, reportedly is offering to boost income tax rates on households earning more than $1 million a year in exchange for cuts to federal entitlement programs. The offer comes amid increasing pessimism that Republican leaders and the White House can reach a deal to avert the "fiscal cliff" before year's end.

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Bloomberg · Hill, The · Wall Street Journal, The

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