“Republicans are “willing to accept new revenue” to tame the soaring national debt and avert an ugly battle over the approaching “fiscal cliff,” House Speaker John A. Boehner said Wednesday in a speech that offered a potential path to compromise in year-end budget negotiations.
With President Obama reelected and Republicans returned to a slightly smaller majority in the House, Boehner (R-Ohio) said Tuesday’s election amounted to a plea from voters for the parties to lay down their weapons of the past two years and “do what’s best for our country.”
“That is the will of the people. And we answer to them,” Boehner said, according to advance excerpts of a speech he planned to deliver at an afternoon news conference at the Capitol. “For purposes of forging a bipartisan agreement that begins to solve the problem, we’re willing to accept new revenue, under the right conditions.”
We’ll see what Eric Cantor, Tom Price and Paul Ryan, among other GOP House members, have to say about this. Boehner also repeated his opposition to raising revenue by increasing tax rates, suggesting that he would accept doing so by altering the tax code. But the ice might be breaking.
– Jay Bookman