POLITICO Breaking News
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Speaker John Boehner on Friday pressured President Barack Obama to take the lead on a deal to avert tax increases, saying “this is an opportunity for the president to lead. This is his moment to work on a solution that can pass both chambers.”
But Boehner remained unyielding on raising taxes on upper income Americans – a top priority for Obama – saying that “raising tax rates will slow down our ability to create the jobs that everyone says they want.” Boehner instead called for lowering tax rates while eliminating certain deductions and loopholes as part of a larger tax reform bill.
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