Boehner Would Accept New Revenue Under ‘Right Conditions’
U.S. House Speaker
John Boehner said Republicans would be willing to accept new
tax revenue to reduce the nation’s budget deficit if it’s accompanied by a tax overhaul and changes to entitlement programs. Speaking in Washington a day after President
Barack Obama’s re-election, Boehner of Ohio said all sides are “closer than many think” to being able to revise the tax code.
“Shoring up entitlements and reforming the tax code -- closing special interest loopholes and deductions, and moving to a fairer, simpler system -- will bring jobs home and result in a stronger, healthier economy,” the speaker said, according to a prepared text.
“Mr. President, this is your moment,” Boehner said, according to the text.