Friday, December 7, 2012
WASHINGTON — House Speaker John Boehner said today there has been no progress in negotiations to avert a “fiscal cliff” combination of automatic tax increases and spending cuts in January and called on President Barack Obama to produce a new offer.
Four days after House Republicans offered a plan to raise tax revenues and cut spending, Boehner said that the White House has failed to outline its proposal, pushing the nation closer to a fiscal cliff that could plunge the country into another recession.
“None of it’s going to be possible if the president insists on his position — insists on ‘my way or the highway,’” Boehner said.
Obama has insisted that any deal must include an increase in tax rates for high earners.
“There are a lot of things that are possible to put the revenue that the president seeks on the table. But none of it’s going to be possible if the president insists on his position — insists on ‘my way or the highway,’” Boehner said when asked whether he might be able to accept a compromise top rate of 37 percent.