« Ron Paul campaign looks ahead, hopes for influence at convention | Main | President Obama: Not mad at Biden for speaking his mind »

May 15, 2012

Boehner: House to vote on tax cut extension before election, then consider big changes

House Speaker John Boehner vowed Tuesday the House of Representatives will vote to extend the Bush-era tax cuts--due to expire at the end of this year--before the Nov. 6 election.

"Any sudden tax hike would hurt our economy, so this fall – before the election – the House of Representatives will vote to stop the largest tax increase in American history," Boehner, R-Ohio, said in remarks prepared for delivery later Tuesday. Boehner will address the Peter G. Peterson Foundation's 2012 fiscal summit.

The vote, almost sure to pass the GOP-run house, "will give Congress time to work on broad-based tax reform that lowers rates for individuals and businesses while closing deductions, credits, and special carveouts."

The measure would establish an "an expedited process by which Congress would enact real tax reform in 2013."

Details would be worked out by the House Ways & Means Committee.

"if we do this right, this will be the last time we ever have to confront the uncertainty of expiring tax rates. We’ll have replaced the broken status quo with a tax code that maintains progressivity, taxes income once, and creates a fairer, simpler code," Boehner is to say.

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c64169e20168eb84a25a970c

Listed below are links to weblogs that reference Boehner: House to vote on tax cut extension before election, then consider big changes:

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

VIz

It and always will be like that. they will keep promising that they will give you the moon and after elections they say the moon doesn't exist..... I stopped trusting them long ago, i know they just want our votes, they don't care about taxes or us or anything else. Just them and their business :(

The comments to this entry are closed.

ABOUT THIS BLOG

"Planet Washington" covers politics and government. It is written by journalists in McClatchy's Washington Bureau.

Send a story suggestion or news tip.

Enter your email address:

Delivered by FeedBurner

THIS MONTH

    Sun Mon Tue Wed Thu Fri Sat
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31  

BLOGROLL