House GOP leaders endorsed a debt-reduction plan Monday that would raise tax collections by $800 billion over the next decade, but they refused to budge on higher tax rates for the wealthy, the central issue dividing Republicans and Democrats.
In making a counteroffer to President Obama, House Speaker John A. Boehner (R-Ohio) and other senior Republicans suggested that a framework laid out by Democrat Erskine Bowles last year could serve as a starting point for talks aimed at averting the year-end “fiscal cliff.”
Boehner, House GOP leaders offer ‘fiscal cliff’ counterproposal
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Boehner, House GOP leaders offer ‘fiscal cliff’ counterproposal
