House Speaker John Boehner said some members of the Republican caucus refused to back his tax measure because they didn't want to be accused of raising taxes.
Boehner spoke to reporters in Washington a day after he scrapped a plan to allow higher tax rates on annual income above $1 million, throwing already-stalled budget talks into turmoil.
It was "not the outcome I wanted, but it was the will of the House," Boehner said. "They were dealing with the perception that someone might accuse them of raising taxes."
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
