Republican Defectors Weigh Deal on Tax-Rate Increase
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House Speaker John Boehner is under pressure to defy Republican Party orthodoxy on income taxes to rein in the U.S. deficit, with an increasing number of his rank-and-file members saying they’re willing to discuss raising rates for top earners.
A few dozen Republicans have joined a bipartisan call to consider “all options” on taxes and entitlement programs, signaling they are ready to bargain on President Barack Obama’s main condition for a budget deal this month: a tax rate increase for the top 2 percent of U.S. earners.