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John Boehner: Tax Reform 'Under Discussion' In Debt Ceiling Talks

John Boehner Tax Reform

ANDREW TAYLOR   07/ 7/11 12:06 PM ET   AP

WASHINGTON — House Speaker John Boehner (BAY'-nur) says proposals to reform the tax code are "under discussion" as part of budget talks with President Barack Obama, but he promises that any such proposals won't "raise taxes on the American people."

The Ohio Republican spoke before heading to the White House for talks on cutting the budget deficit. The White House is signaling that Obama is hoping to expand the parameters of an agreement beyond the $2 trillion or so discussed in recent talks led by Vice President Joe Biden.

Democrats and some Senate Republicans want to claim some of the money gained from closing tax loopholes and other tax breaks to help defray the deficit. House Republicans want all such savings to be devoted to lowering rates.

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Filed by Elyse Siegel  |