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Report: Boehner Offers Millionaire Tax Hike…Obama Stands Firm at $250K

Dec. 15, 2012 11:10pm Erica Ritz

John Boehner Offers Millionaire Tax Hike Obama Stands Firm at $250K

Speaker of the House John Boehner (R-OH) leaves after his weekly news briefing in the Capitol Visitors Center at the U.S. Capitol December 13, 2012 in Washington, DC. (Photo: Getty Images)

(AP) — Signaling new movement in “fiscal cliff” talks, House Speaker John Boehner has proposed raising the top rate for earners making more than $1 million, a person familiar with the negotiations said. President Barack Obama, who wants higher top rates for households earning more than $250,000, has not accepted the offer, the source added.

The proposal, however, indicated progress in talks that had appeared stalled. The source would only discuss the plan on the condition of anonymity because of the sensitivity of the negotiations.

As part of a broader budget deal, Boehner is still seeking more spending cuts than Obama has proposed, particularly in mandatory health care spending. Boehner has asked for a long-term increase in eligibility age for Medicare and for lower costs-of-living adjustments for Social Security.

Boehner’s tax proposal was first reported by Politico.

A Boehner aide would not comment on the report.

At issue are expiring tax rates that would automatically increase on Jan. 1 for virtually every income tax payer if Congress and the president don’t act. Steep budget cuts are also scheduled to kick in, unless Congress and Obama agree to forestall them with other deficit reduction measures.

Obama has insisted on extending current rates for the 98 percent of taxpayers in household that earn less than $250,000. He would let the top two marginal rates increase from 33 percent to 35 percent and from 36 percent to 39.6 percent for those taxpayers making over that threshold.

Until now, Boehner had maintained his opposition to raising any rates. Instead, he had proposed to raise up to $800 billion in tax revenue over 10 years by limiting tax loopholes and deductions as part of a broad tax overhaul.

But the speaker and House Republicans have come under increasing pressure form a number of Senate Republicans who say they should yield to Obama’s demand on tax rates and then press him for additional cuts early next year in exchange for an increase in the nation’s borrowing limit.

Obama has proposed about $600 billion in spending reductions over 10 years, including about $350 billion in Medicare and other health care savings. But he has also proposed about $200 billion in additional spending, including aid to the unemployed and to struggling homeowners and for public works projects.

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Comments (194)

TurboCat
Posted on December 16, 2012 at 12:56am
WTH?? O-blame-a goes around saying “millionaires and billionaires” all the time! Nearly everyone in this country has heard his loud mouth say it. All Boehner has to do now is hold a press conference and tell the people that he refused to hike taxes on millionaires. (Not that I want the taxes raised) but EXPOSE this fraud and people will begin to turn on him (maybe). If it were done right. How would O-blame-a be able to defend himself? He has said “millionaires and billionaires” ad nauseam.

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- 1TrueOne55
  Posted on December 16, 2012 at 1:25am
  He also will blame Republicans for Killing Social Security because that FICA tax you pay goes for funding it, for the last two years SS funds from the FICA tax have not been paid. Social Security will go bankrupt before 2016 elections unless they put that tax back. But Republicans refuse to talk about it because they have been trying to reform it for decades and now Obama is doing it for them. The two parties are now back to being the party that Lincoln split to free the slaves in 1860.
  
  We need another party to replace the current Republican Party because it fails to live up to conservative Ideology. Boehner needs to be dethroned.
  
  Report this comment
- Chet Hempstead
  Posted on December 16, 2012 at 1:34am
  You don’t have to make a million a year to be a millionaire. If you made 250 grand, lived off 100 thousand (which should be plenty considering this is personal income we’re talking about and most of us live fairly comfortably on less than that) and invest the rest, you could rack up a surplus million every few years.
  
  Report this comment
- johnpaulkuchtajr
  Posted on December 16, 2012 at 7:40am
  Stick a fork in Boehner and all the Republicrats, they’re done!
  
  Retiring US Senator Jim Demint of SC has been outspoken this weekend that Boehner’s time as Speaker of the House is near an end; and, it should be.
  
  Boehner is a bed wetter who should have had Obama already behind bars for “Fast and Furious,” along with Obama’s **** buddy, Eric Holder. Instead, the golf-playing, unproductive Boehner dignifies the man by entering into negotiations with Obama on a topic that Obama knows absolutely nothing about, taxes and the economy.
  
  Boehner doesn’t seem to have the intellect to understand that Obama intends to wreck the economy either through taxes, regulations or an oil shock.
  
  WALK AWAY, BOEHNER!
  
  Let the Marxist / Socialist have his way and show the world what an idiot does with the most powerful economic engine ever developed by man. We’ll build it back after Obama wrecks it and we turn all the libs from office.
  
  Report this comment
- rcbCAL
  Posted on December 16, 2012 at 11:51am
  “In politics, (Boehner) stupidity is not a handicap.” (sorry, ) Napoleon Bonaparte
  
  Report this comment
spfoam1
Posted on December 16, 2012 at 12:53am
Negotiating with a democrat is like negotiating with hamas. No matter what you offer it is never enough, so why waste the time? Block every single every penny they try to spend.

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- happygranny
  Posted on December 16, 2012 at 2:31pm
  The House MUST stop all spending until the Marxist folds. There is no excuse for giving aid to the enemy, such as foreign aid and weapons to Egypt, having our Military spread around the world for God only knows what. What part of NO MORE SPENDING can these idiots understand? It has to stop if we are to survive. Obama and Holder need to be tried for treason and punished appropriately. How long will good God fearing Christians stand by and tolerate more and more socialist/fascist acts?
  
  Report this comment
- Look4DBigPicture
  Posted on December 16, 2012 at 2:51pm
  You’re absolutely correct, SP. However Boehner had to offer something … that’s how negotiations work.
  
  I’m not for tax increases for anyone, but it looks like we’re not going to be able to get out of this one. It’s frustrated me to hear Obama refer to those making $250,000 and above as millionaires and billionaires. With Boehner offering a cutoff at a million, and now Obama refusing to accept it, the spotlight is back on Obama as being UNWILLING TO COMPROMISE.
  
  Each side is trying to make the other side look like the bad guys … it’s a politician’s game. We’re just mere pawns out here struggling to feed our families, while we brace for their political crap to fall down on us.
  
  Report this comment
Ghandi was a Republican
Posted on December 16, 2012 at 12:42am
That’s a pretty food move. Why not pass a bill for obama that does in fact repeal ALL Bush tax cuts and see what they do with that. That’s what he really want- but he wants to blame it on the Republicans by using ‘the fiscal cliff’ as his excuse. MAKE HIM SIGH N THE ACTUAL THING!
Call it “The obama tax increase on everyone Act” Offer the alternative “Bush tax cut extension” make HIM choose.

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- SCREW-WINDOWS
  Posted on December 16, 2012 at 1:00am
  It’s all a game they play on the Hill it’s who gets the R or the D on the bills that are passed SAD BUT TRUE.
  
  Report this comment
- dublinthewagons
  Posted on December 16, 2012 at 1:36am
  Repubs.’say give in on taxes and apply pressure on borrowing limit.’ The lying fools. Nobody is loaning us money now. Why do you think the fed. reserve is printing @ unheard of rates.
  Simple if you don’t have it. You can’t spend it. Sell air force one on eBay. If the prez. wants a vacation.
  Let him pay for it. The people that pay his salary do that. Same for Senate.
  They should go on Obama are just like taxpayers. Term limits 2 two year terms maximum. No retirement, as they seal enough now. I’m tired of paying professional worthless lying polititions.
  This country would be better off without anyone in Washington. They are doing more harm than good at all levels. I’m sick of eatin’ crap and being told its icecream. Let them eat their own waste, as they are use to the taste of kissing each others azz.
  
  Report this comment
- revelation2012
  Posted on December 16, 2012 at 1:50am
  the Federal Reserve are buying all the ‘mortgages’
  
  MEET OUR NEW LANDLORDS – CENTRAL BANKING CARTEL!
  
  they are HELPING us about as much as Government is PROTECTING us
  
  Report this comment
- dublinthewagons
  Posted on December 16, 2012 at 1:52am
  Made error on last comment. Should read president, senate & house should be on “Obamacare”‘ for health insurance. I’m kind of upset with both parties. The party is over. Resign or get tared & feathered while riding on a rail out of town. Hows that for their retirement package?
  
  Report this comment
- dublinthewagons
  Posted on December 16, 2012 at 2:39am
  Revlation: the federal reserve is buying mortgages.
  With paper that has no backing. Federal Deposit Insurance.Co. FDIC is insuring very 13 trillion dollars in deposits and can only guarantee 76 cents for every $100′s on deposit. That was before the federal reserve starting digitizing our money @ $40 billion per month.
  
  Report this comment
CatB
Posted on December 16, 2012 at 12:40am
@SCREW … kind of like a Kenyan we all know.

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SCREW-WINDOWS
Posted on December 16, 2012 at 12:18am
Why does it not surprise me it’s NIGERIAN and other foreign maggots who can’t work an honest job.

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revelation2012
Posted on December 16, 2012 at 12:17am
getting OUT of everyone’s BUSINESS and taking care of our OWN

WE COULD HAVE THE “BEST OF THE BEST” & “TOP OF THE LINE MILITARY”

to DEFEND against FOREIGN AND DOMESTIC right here at home.

OUR LAND OF THE FREE AND HOME OF THE BRAVE IS INFESTED!

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- revelation2012
  Posted on December 16, 2012 at 12:22am
  my apologies I am more than a little upset ,,,
  
  Report this comment
revelation2012
Posted on December 16, 2012 at 12:14am
We need to END these WARS and all involvement

it’s time for the U.S.A. to FREEZE ALL SPENDING

RECOUP AND REGROUP BRING OUR MEN AND WOMEN HOME!

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SCREW-WINDOWS
Posted on December 16, 2012 at 12:10am
I am glad you can earn over $8057 in four weeks but that just puts you on Obama’s hitlist so it is pointless.

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The-Monk
Posted on December 16, 2012 at 12:07am
CALLING ALL WHITE HAT HACKERS THAT WANT TO SHUT DOWN A NIGERIAN IDENTITY THEFT RING THAT POSTS EVERY DAY HERE. THEIR IP ADDRESS IS 98.126.39.196

PLEASE REPLY TO ME HERE IF YOU WANT AND I CAN GIVE YOU MORE DETAILS IF YOU NEED THEM !!!

That’s right troll……. You are not welcome here anymore. : )

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revelation2012
Posted on December 16, 2012 at 12:05am
We need 2/3rds in the House and the Senate

TO WIPE THIS DISASTER FROM MEMORY!!!

two thirds would even take care of a presidential ‘veto’ ?

OBAMACARE & OBAMANATION!

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revelation2012
Posted on December 16, 2012 at 12:01am
the radicals don’t care what we do – they think they have ‘US’ by our ‘family jewels’

before all is said and done I wouldn’t mind have a LQQK at what they will have left

of their own,,,

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matt_c
Posted on December 15, 2012 at 11:54pm
If we wanted someone who was going to work with the President of Obamaphone Inc. we would have voted for the Democrats. We want to oppose him in everything he tries to do. We really do hope he fails, because when he does we’re all better off. Make him fail. Don’t: Appease. Cooperate. Do: Oppose. Obstruct. Demagogue. Demonize. Argue. Fight. Win.

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- CatB
  Posted on December 16, 2012 at 12:19am
  Agree .. vote present .. and MAKE THE DEMS OWN THIS!
  
  Report this comment
MDECKER
Posted on December 15, 2012 at 11:53pm
Obama is a little man playing a deplorable game with our Country’s future.

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revelation2012
Posted on December 15, 2012 at 11:46pm
too bad congress can’t have all taxes that are RAISED applied to where

that tax was meant to be applied – could that help SS and Medicare

if that could happen perhaps ‘O’ couldn’t SPEND the revenue,,,,

what am I missing here ? people would be as angry ? could they ‘save face’ ?

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- revelation2012
  Posted on December 15, 2012 at 11:49pm
  we could go over the ‘cliff’ with the satisfaction of ‘O’ not having more to spend
  
  the TAXES are going to be HELL for EACH AND EVERYONE anyways,,,
  
  Report this comment
- revelation2012
  Posted on December 15, 2012 at 11:49pm
  we could go over the ‘cliff’ with the satisfaction of ‘O’ not have more to spend
  
  the TAXES are going to be HELL for EACH AND EVERYONE anyways,,,
  
  Report this comment
- revelation2012
  Posted on December 15, 2012 at 11:49pm
  we could go over the ‘cliff’ with the satisfaction of ‘O’ not having more to spend
  
  the TAXES are going to be HELL for EACH AND EVERYONE anyways,,,
  
  Report this comment
- revelation2012
  Posted on December 15, 2012 at 11:54pm
  Congress could present this to “We the People” much like ‘O’
  
  goes around touting how congress is causing us to go over the ‘cliff’,,,
  
  at least going over with something that could benefit “The People” just sayin’
  
  Report this comment
- SCREW-WINDOWS
  Posted on December 16, 2012 at 12:21am
  Those programs could be solvent by a tip jar at your local merchants but we all know the Government is irresponsible with money so we choose not to contribute.
  
  Report this comment
Walkabout
Posted on December 15, 2012 at 11:41pm
So Boehner said he is willing to tax millionaires & Obama wants to tax millionaires, but still no go.

Why because millionaires as a group don’t have enough money at any tax rate to fill the deficit hole & that polemicist Obama knows it.

This is more of the same. Al Gore called people who make 100,000 a year millionaires. Because in ten years he reasoned they would have made a million. After taxes & expenses they would have no where near a millionaire, bur that didn’t stop “release my 2nd Chakra on a woman” Gore.

Boehner needs to repeat that he agreed to raise taxes on millionaires so that the press might hear it the 100th time he says it.

You can increase taxes on those making $250K & above & it won’t fill the deficit hole. We have a spending problem. Obama & Team D are culprits numero uno

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- soybomb315_II
  Posted on December 16, 2012 at 12:14am
  The irony is that Boehner is proposing a platform that is more conservative than anything else the republicans have tried to push through since 2000. If Boehner is talking about raising medicare age and SS COL adjustments – those two things will help balance the budget more than anything else.
  
  Considering the democrats have control of govt – if we were able to get those two items, it would be a small victory.
  
  Report this comment
- STOPTHEMADNESSPLEASE
  Posted on December 16, 2012 at 11:41am
  Change the COLA rate. I got a $19.00 a month increase but my Medicare went up $14.80 . Thanks for $4.20 I sure it will pay for the increases on EVERYTHING. Gas, food, rent, co-pays, medicine,insurance to name of few. I can’t even work anymore ( for extra money) due to degenerate disc disease. I have had my entire neck fused together C2-T1 so my head doesn’t turn, I have 5 degenerate disc (actually no disc left) L 3,4,5 & S1,2 in my back and 3 bulging disc L1,2 & T6. I paid into the system for 35 years.
  
  Report this comment
- soybomb315_II
  Posted on December 16, 2012 at 12:11pm
  what about people who are currently paying into a system that will go bankrupt within 20 years? They will get NOTHING
  
  Report this comment
KangarooJack
Posted on December 15, 2012 at 11:41pm
Dear Speaker, it’s past time to gird your loins.

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- grayling646
  Posted on December 15, 2012 at 11:54pm
  If you mean he needs to grow a set, he can’t. He played for the girls team in college.
  
  Report this comment
- KangarooJack
  Posted on December 16, 2012 at 12:05am
  Yea, that’s what I meant….Grow a set. Gird you loins…..protect YOU MANHOOD…kinda thing…PROTECT WHAT OUR VOTES COUTNTED FOR regarding anything other than Presidential….apparently
  
  Report this comment
- rEt_fiELdoP
  Posted on December 16, 2012 at 8:47am
  @ KANGAROOJACK
  
  Girding your loins does not mean growing a set….. to “gird your loins” stems from antiquity and is an action which is taken to mean “to pull up your garment so that you are more freely to move.” It is possible for some to take away that it means to protect your groin area by adding more padding (the lower part of your garment) but that isn’t what the original definition by parsement indicates…
  
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Lotus503
Posted on December 15, 2012 at 11:40pm
Write to your Congressmen in you state and demand that they abstain from voting for Boehner as Speaker of the House. Force an election for the position!

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banjarmon
Posted on December 15, 2012 at 11:36pm
GOP Vote present and make the dems OWN the TAX Hike!!

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- grayling646
  Posted on December 16, 2012 at 12:07am
  Banj
  I’m afraid the GOP leadership is in on this little scam. Most of the rest of the party will follow like the lemmings they are.
  
  Report this comment
KangarooJack
Posted on December 15, 2012 at 11:34pm
Most small businesses have net worth well over $250,000. Come on people exactly WHOM do YOU think employs you???

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Thevoice
Posted on December 15, 2012 at 11:31pm
Please enough already. We elected these Republicans to act like men. Grow a dam spine.. write up the spending cuts needed to untangle this progressive commie web of government and to balance the budget. Pass them in the house. Then it’s up to Barry Obama and his progressive commies. Either swallow reality or be know as the idiots that sent America into bankruptcy with the ideology of Big government central planning . It’s far from rocket science or brain surgery. There has not nor ever will be enough money for the progressive utopia. Let them know for good. We the people are sick of the Government its web of human and business rules, regulations and mandates and will no longer fund it.

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- KangarooJack
  Posted on December 16, 2012 at 1:23am
  I’m sorry the boice. See YOU MAKE SENSE. fOR SOME REASON , i TYPE AND HAVEW TO WAIT MOMENTST ADN SCROLL UP TO SEE IF IT P[RINTED. yEA, i’LL LEAVE IT AS THAT…
  
  Report this comment
- webb
  Posted on December 16, 2012 at 12:10pm
  Folks,,Alot of good Ideas here,,Posted by Caring Americans,,Individuals and Small Business Owners!! We have a Government Problem and have for the last 50 years,,SPEND,SPEND,SPEND And not what just comes in Taxes,,but lets BORROW MORE AND KEEP SPENDING!! The Size of Government continues to Grow at a Record Pace,,THE MORE PEOPLE IN GOVERNMENT,MORE AGENCIES,MORE DEPARTMENTS,,MEANS more Money Spent!! Its time to reduce the size of Government,,START BY TERM LIMITS IN THE HOUSE AND SENATE!! If the Government would live off of our Tax Dollar only,,no Deficits Ever,,Cut all areas 10% across the board,THINK HOW THAT WOULD HELP!! Boehner should not consider any Tax Increase at all on ANYONE,ITS TIME TO LET GOVERNMENT KNOW,EXIST WITH WHAT YOU BEING IN, ONLY BY REGULAR TAXES!!
  
  Report this comment
chips1
Posted on December 15, 2012 at 11:28pm
Tell Flobama to take a hike. You can’t negotiate with muslims. He is here to destroy America. Boehner is worthless. Offer Flobama a reduced prison sentence.

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- fixer
  Posted on December 16, 2012 at 3:15am
  a reduced prison sentence? how about letting him keep his worthless life.
  
  Report this comment
JUSTANOTHEROPINION
Posted on December 15, 2012 at 11:27pm
The Republican Party needs competition by a new third party. I for one join the ranks of those calling for a third political party. I’ve had enough and enough is enough!!!!!!!

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- grayling646
  Posted on December 15, 2012 at 11:44pm
  Agreed. If the Tea Party doesn’t break off and become a stand alone party I will straight ticket the Constitution Party as I did in ’06. I’ve had enough of these progressive liberal republicans. I’m done with them.
  
  Report this comment
- Snowleopard {gallery of cat folks}
  Posted on December 16, 2012 at 12:28am
  Indeed, either the Republicans change from the bottom up or they go the way of the Whigs and we have a new party to replace them.
  
  Report this comment
- soybomb315_II
  Posted on December 16, 2012 at 1:22am
  we wont have a real 3rd party option unless the election laws are changed. I dont see any way the republicans will open the door to competition
  
  Report this comment
- truthnstuff
  Posted on December 16, 2012 at 10:55am
  Agree. Maybe the Libertarian party which already has a structure can cobble together with constitutional conservatives in the GOP and have them join for a Libertarian voice. Freedom Works and other organizations can get together and start NOW.. Screw the GOP. Let Boehner and his ilk join with the commies.
  
  Report this comment
The-Monk
Posted on December 15, 2012 at 11:22pm
CALLING ALL WHITE HAT HACKERS THAT WANT TO SHUT DOWN A NIGERIAN IDENTITY THEFT RING THAT POSTS EVERY DAY HERE. THEIR IP ADDRESS IS 98.126.39.196

PLEASE REPLY TO ME HERE IF YOU WANT AND I CAN GIVE YOU MORE DETAILS IF YOU NEED THEM !!!

That’s right troll…. You are not welcome here anymore. : )

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DetroitGunClinger
Posted on December 15, 2012 at 11:22pm
Is it too late to get a new Speaker for the next congress?

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- Walkabout
  Posted on December 15, 2012 at 11:46pm
  Given that the News media (MSM) are worth 15 pints in polling to any one from Team D in a presidential election, I think Boehner made the right bargaining decision.
  
  See Newsweek editor’s comment about the pull of the MSM in terms of public support when they back a democrat nominee for President 2004 campaign.
  
  “In 2004, then-assistant managing editor of Newsweek magazine, Evan Thomas, made a prediction remarkably similar to O’Reilly’s when he admitted that media bias in favor Democratic presidential candidate John Kerry was “going to be worth maybe 15 points,” a number he revised down to five points months later.”
  
  Read more: http://newsbusters.org/blogs/kyle-drennen/2012/08/09/bill-oreilly-predicts-liberal-media-will-give-obama-about-3-or-4-novem#ixzz2FBfHzR3d
  
  Even if the advantage is 3% points or 5% points in a 50 -50 nation where a plurality wins that is all you need.
  
  Boehner took an issue away from the Liar-in-Chief to the extent that he could.
  
  Report this comment
grayling646
Posted on December 15, 2012 at 11:18pm
This is a political joke. The punch line will be ‘We didn’t get what we wanted but boy did we ever work hard for you, the American people’. You must say this with that backward, hillbilly accent Glenn uses at times.

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- circleDwagons
  Posted on December 15, 2012 at 11:37pm
  We need to be Team players, we can’t think for ourselves but for the better of the country. We must raise taxes. Ask not what the government can do for you but what you can do for your Santa govetnment.
  
  Report this comment

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