House Minority Leader John Boehner (R-Ohio) said on Sept. 12 that he is willing to support President Barack Obama’s plan to extend tax breaks for the middle-class and increase rates for the wealthiest Americans but only if that’s his only option.
Appearing on the CBS program Face the Nation, Boehner stated that his preference is to extend all of the tax breaks approved by President George W. Bush in 2001.
If presented with a bill that doesn’t include continued tax cuts for those earning more than $250,000 annually, Boehner said, "of course I’m going to do that," but added that he’d prefer to approve legislation that will "extend the current tax rates for all Americans." The Bush administration’s tax cuts are set to expire at the end of this year.
According to Politico.com, Obama and Speaker of the House Nancy Pelosi (D-Calif.) are facing resistance within their own party on this issue. A total of four Democratic representatives drafted a letter to Pelosi, expressing their desire to have all of the tax breaks extended in order "to provide families and businesses the certainty required to plan and make sound decisions," the news source reported.