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National Post | News

WASHINGTON — House Speaker John Boehner has proposed raising top rates for earners making more than $1-million, a person familiar with the negotiations says. President Barack Obama, who wants higher top rates for households earning more than $250,000, has not accepted the offer, this person says.

The proposal, however, indicates new progress in talks that had appeared stalled. The person would only discuss the plan on the condition of anonymity because of the sensitivity of the negotiations.

Boehner is still seeking more spending cuts than Obama has proposed, particularly in mandatory health care spending. Boehner has asked for a long-term increase in eligibility age for Medicare and for lower costs-of-living adjustments for Medicare.

Boehner’s tax proposal was first reported by Politico.

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A Boehner aide would not comment on the report.

It’s been just a month on the calendar but seemingly a lifetime in politics since Boehner got a…

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About Nicholas Maithya

I am a writer focussing on disruptive technology, Fintech, Big Data and Internet of Things, Online Marketing trends, and investments. When I am not writing about these, I am probably in the gym working out, out and about with family, watching the news (basically business/technology) or soccer. That's why I do sometimes cover soccer-related stories.

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