Boehner: spending curbs, no tax hikes for debt deal

by
July 11, 2011

(Reuters) – John Boehner, the top Republican in Congress, told White House talks on Sunday that budget cuts must exceed the amount by which the debt ceiling is raised and said any deal must exclude tax hikes.

An agreement that builds on the work of a group led by Vice President Joe Biden show most promise, an aide to Boehner said on Sunday after negotiations at the White House that lasted about 75 minutes.

“The Speaker told the group that he believes a package based on the work of the Biden group is the most viable option at this time for moving forward,” the aide said.

Boehner told Sunday’s session that Republicans consider as “fundamental principles” that spending cuts should exceed the amount they will agree raise the debt ceiling, and that any deal will restrain future spending and include “no tax hikes.”

 

1 Comment - what are your thoughts?

  • I totally agree with the position of Speaker Boehner, but Obama is pulling his chain. Obama WANTS the Speaker to block a vote on any spending cap increase that raises taxes. Then, if the failure to rase the cap results in any downward fluctiuation in the stock market, recession or jobs, Obama will convince the nation that it is all Boehner’s (and the Republicans) fault, and WE’LL LOSE THE 2012 ELECTION.

    That is what Obama wants. In reality, he could care less about the spending cap, taxing the rich or feeding the poor. He simply wants to win again in 2012. And working Speaker Boehner into a position where he blocks any vote on the cap increase could give Obama the ammunition he’d need to blame the Republicans for any bad results on the stock market, the economy or jobs.

    I think the speaker should compromise, allowing some small tax increases in order to let a bill go through. Then, when the new cap doesn’t solve any problems, he can blame Obama and we can win big again in 2012. After that, he can bring the taxes and the spending back to where they aught to be.

    Right now, Obama is pulling Boehner’s chain, and it’s working.

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