Speaker Boehner: Fiscal cliff down payment this year, major solutions in 2013

  • Congress will not solve fiscal imbalance in lame duck session
  • House Republican ready to work with Obama on deficit; puts tax hikes on table under right conditions
  • Pushes for comprehensive tax reform with fewer deductions, loopholes

Boehner offered Obama $400 bln in tax hikes in the summer of 2010 before the debt ceiling debacle. Obama agreed before reneging on the deal and seeking bigger hikes.

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