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Republicans Said to Discuss Tax Options

GOP legislators look at ways to boost revenue from high earners.

By Richard Rubin, Bloomberg | Updated on October 22, 2012

Republicans in the U.S. Congress are designing options that would raise revenue from high earners while preserving the 35 percent top income-tax rate, in a sign of preparations for a post-election session, said two Republican congressional aides.

The tax-raising options would be used only as part of a broad agreement on taxes and entitlement programs if President Barack Obama wins re-election. They are included in a toolbox to be opened after the Nov. 6 elections if Republicans make a political calculation to support a deal that raises taxes, said the aides, who requested anonymity to discuss the options.

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