Republican House Speaker,, has adopted a conciliatory tone one day after Obama’s re-election, saying that he and other GOP leaders are ready to work with the president to resolve the issue of the fiscal cliff facing the nation.
Boehner signaled openness on including new tax revenue in a legislative package to address the problem of the so-called ‘fiscal cliff,’ but indicated that it would be better to wait until the next Congressional session to enact a solution. "If there is a mandate in yesterday's results, it is a mandate for us to find a way to work together on solutions to the challenges we face together as a nation," said Boehner, R-Ohio. "We can't keep setting the bar that low. It's time we raised the bar."
The fiscal cliff includes expiring tax cuts for rich and middle class, $1 trillion in automatic cuts and a debt limit increase, making it one of the most pressing challenges faced by the Congress right now. Boehner said that he hopes working together with the Democrats would send a signal to the economy as well as the rest of the world that after years of struggling with the fiscal challenges, the coming year would be different.
"It would be an agreement that begins to pave the way for the long-term growth that is essential if we want to lift the cloud of debt hanging over our country," Boehner said. "It involves making real changes to the financial structure of entitlement programs, and reforming our tax code to curb special-interest loopholes and deductions. By working together and creating a fairer, simpler, cleaner tax code, we can give our country a stronger, healthier economy."
Boehner said that its time both Democrats and Republicans forget their differences and join hands behind the president as Americans trying to help their economy recover.
However, Boehner made it clear that his vision for additional revenue includes a tax code that pushes down the top income tax rate from its current rate. Democratic leaders have so far said that such a reform would be unacceptable since it would either hurt the middle class by cutting vital tax benefits like home mortgage deduction or would not raise enough taxes to meaningfully lower the deficit.
Boehner said that he had spoken to the president before making this statement Wednesday, who, according to him, has agreed with the House Speaker to find common ground on the issue.