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.