"Source: House Speaker Boehner has offered a fiscal cliff deal that includes letting tax rates increase for the wealthy." -- CNN—
Jamarr Reese (@cloud30168) December 16, 2012
News is breaking late Saturday that House Speaker John Boehner has offered a fiscal cliff deal that would involve tax hikes on those earning more than $1 million, rather than the $250,000 ceiling demanded by President Obama.
There are only reports from “a source close to the negotiations” for now, but that’s enough for many to express their feelings.
According to Reuters, Boehner made the offer in exchange for major cuts in entitlements, but the president did not accept.