Boehner Responds To Obama On Fiscal Cliff - Business Insider

Courtesy of CSPAN

House Speaker John Boehner said Friday that that there is a "stalemate" in negotiations over how to avoid the fiscal cliff.

"There's a stalemate, let's not kid ourselves," he told reporters at a Capitol Hill press conference.?"Right now, we're almost nowhere."?

Boehner's remarks came in response to the White House's proposal?for a budget deal, a Democratic wish list that includes $1.6 trillion in tax increases over 10 years, $50 billion in stimulus spending, home mortgage refinancing, and a permanent end to Congressional control over the debt ceiling.?

"The White House hasn't yet made a serious proposal," Boehner said, adding that while Republicans are willing to increase revenues, Obama's plan to raise taxes on the wealthy is "the wrong approach."?

Republicans are willing to "negotiate in good faith," Boehner said, but their "original framework stands."?

There are signs, however, that Republicans have become increasingly resigned to the idea of letting the rest of the Bush tax cuts expire. At least three Republican members of Congress have come around to the idea of decoupling the extension of the Bush tax cuts for the middle class from the rest of the fiscal cliff negotiations.

In a speech in Pennsylvania Friday morning, Obama called on Congress to pass an extension of the Bush-era tax cuts for people earning under $250,000, warning of a "Scrooge Christmas" if the cuts are allowed to expire.?

Source: http://www.businessinsider.com/john-boehner-obama-fiscal-cliff-2012-11

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