Boehner: New revenues depend on spending reforms
Thursday, November 3, 2011
WASHINGTON (AP) -- House Speaker John Boehner says "there's room for revenue" as a congressional deficit-reduction supercommittee seeks $1.2 trillion or more in deficit cuts over the coming decade. But he says it would require a major overhaul of government benefit programs.
Boehner says he remains committed to helping the deficit panel succeed and that Congress should approve its recommendations if it produces a plan to curb the government's gush of red ink.
The deficit panel appears deadlocked over demands by Democrats that it raise substantial new revenue. Republicans are united against the idea.
Boehner discussed a potential deficit deal with President Barack Obama this summer that would have allowed up to $800 billion in new revenues but the effort fell apart. He says "all kinds of discussions" are going on now.