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Republicans Signal Openness on Deficit Without Budging

Boehner sounds conciliatory, but cites ideas Democrats have already rejected.

By Richard Rubin and Kathleen Hunter, Bloomberg | Updated on November 08, 2012

Congressional Republicans are offering a deficit-reduction solution to newly re-elected President Barack Obama: Let’s negotiate in good faith and all agree on our pre-election proposal.

House Speaker John Boehner, who returned to the role of party standard-bearer following Republican presidential nominee Mitt Romney’s election loss, told reporters yesterday that Republicans are “willing to accept new revenue under the right conditions.” He cited ideas Democrats already have rejected: restructuring entitlement programs and relying on revenue generated by economic growth from a tax-code overhaul.

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