Boehner gives ground on debt ceiling and tax-rate increases

12/17/2012 | Washington Post, The · Politico (Washington, D.C.) · Hill, The

House Speaker John Boehner, R-Ohio, sought to jump-start the deadlocked fiscal negotiations on Friday, offering a one-year truce over debt-ceiling increases as well as marginal tax-rate increases for those with income of more than $1 million. Democrats said the offer didn't go far enough, but they welcomed Boehner's openness to tax-rate increases. "Recognizing the importance of raising tax rates is a big, positive and important step," said former White House economic adviser Lawrence Summers.

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Washington Post, The · Politico (Washington, D.C.) · Hill, The

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