The Hill reports that jolly orange giant John Boehner is speaking at the Peter G. Peterson Foundation today and he's telling the crowd that when Congress finally gets around to tax reform, they'll be coupled with an extension of the Bush tax cuts.
“Any sudden tax hike would hurt our economy, so this fall — before the election — the House of Representatives will vote to stop the largest tax increase in American history,” the Speaker’s prepared remarks say.
That's all well and good, especially if you like tax cuts, but there is the small matter of getting the Senate to go along with what the House offers up. Anyone still taking in oxygen knows that this is not the case, but Boehner seems to be new to this corner of the universe:
“The Ways and Means Committee will work out the details, but the bottom line is: If we do this right, this will be the last time we ever have to confront the uncertainty of expiring tax rates,” Boehner said.
Or, "If we manage to develop a perfect compromise on one of the most difficult and polarizing policy issues facing our nation, we'll never have to worry about fixing it ever, ever, ever again." Got it.
Boehner: House will link tax reform, Bush cuts [OTM/The Hill]