the bistro off broadway

John Boehner: No tax hike on top earners
By: Jake Sherman
November 5, 2012 

COLUMBUS, Ohio — You want to know how unbending Speaker John Boehner is on tax increases? 

He’s not willing to even consider hiking taxes on people making more than $1 million — something that’s been floated in the past as a possible compromise by members of both parties. 

“We’re not raising taxes on small-business people,” Boehner told POLITICO during an interview in an Italian restaurant here. “Ernst and Young has made this clear: It’s going to cost our economy 700,000 jobs. Why in the world would we want to do that?” 

Boehner’s strong comments on the eve of the election show just how tough a time President Barack Obama, if he is reelected, will have keeping his campaign promise to increase taxes on individuals earning more than $250,000 per year. 

Tuesday’s congressional elections are certain to give Boehner a stronger hand — at least on Capitol Hill — as Republicans are expected to lose only a handful of seats and maintain an iron hold on the House majority. Boehner sees this election as a validation of his no-tax-hike approach — and doesn’t view an Obama victory as a mandate to raise taxes on upper-income Americans. 

“Listen, our majority is going to get reelected,” Boehner told POLITICO. “We’ll have as much of a mandate as he will — if that happens — to not raise taxes. He knows what we can do and what we can’t do — I’ve been very upfront with him about it going back over the last year and a half.” 

Raising taxes on incomes above $1 million has been seen by some as a potential compromise instead of raising taxes on incomes above $250,000, as Obama wants. Raising taxes only on millionaires strikes a populist sentiment and has recently even been received favorably by senior Republican aides, who have queried Democrats about their openness to it… 

Read the rest of this article at Politico

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