WASHINGTON (AP) — House Speaker John Boehner says he has high hopes that a congressional "supercommittee" will be able to reach "common ground" on a plan to cut the deficit by at least $1.2 trillion over a decade.
But the most powerful Republican in Washington says that finding common ground doesn't necessarily mean compromising one's principles, a none-to-subtle hint that he remains strongly opposed to increasing taxes as part of the solution to deficits exceeding $1 trillion a year.
Boehner's remarks to a group of students at the University of Louisville came as the secretive 12-member bipartisan panel remains deadlocked less than a month before its deadline. Democrats say tax revenues are a precursor to any agreement to curb spending on costly benefits programs like Medicare.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
