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Obama's reduced revenue demand unacceptable -Boehner spokesman

Source: Thomson Reuters Foundation - Wed, 12 Dec 2012 00:26 GMT
Author: Reuters
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WASHINGTON, Dec 11 (Reuters) - U.S. House Speaker John Boehner does not view as acceptable President Barack Obama's reduced demand for new tax revenues in talks to resolve the year-end "fiscal cliff" of automatic tax hikes and spending cuts, a spokesman for Boehner said on Tuesday.

A Republican House of Representatives leadership aide said Boehner's counteroffer to Obama did not substantially change the Republican position offering ${esc.dollar}800 billion in new tax revenues over 10 years. Obama had initially called for ${esc.dollar}1.6 trillion in new revenues, but reduced that by ${esc.dollar}200 billion in his latest counteroffer on Tuesday, according to congressional aides.

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