Obama Reduces Tax Demand as Budget Talks Inch Forward
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President Barack Obama reduced his demand for tax increases to $1.4 trillion from $1.6 trillion as he and House Speaker John Boehner traded another round of offers and inched toward a budget agreement.
Boehner told fellow House Republicans during a private meeting today that Obama hasn’t been reasonable, according to a House Republican aide who asked for anonymity and wasn’t authorized to speak publicly about the discussions. Republicans believe they have been reasonable by proposing new revenue and spending cuts, Boehner said during the meeting, according to the aide.