Boehner: No progress in fiscal cliff talks
WASHINGTON (AP) – House Speaker John Boehner is still insisting that raising tax rates will hurt small businesses, and won’t help the economy.
But when he was asked by reporters today whether he might be willing to accept some increase in the top tax rate, which is currently 35 percent, Boehner said only that “there are a lot of things that are possible” to get the revenue that President Barack Obama is looking for.
Boehner says, though, that nothing will happen if Obama takes a “my way or the highway” approach to avoiding the fiscal cliff.
The House speaker says there’s been no progress in negotiations on how to avoid the fiscal cliff of tax hikes and spending cuts. He’s calling on Obama to come up with a new offer.
Obama and Boehner spoke privately on Wednesday. The speaker called the phone call pleasant but unproductive.