House Speaker John A. Boehner on Friday said ongoing talks between the White House and Republicans to avoid a “fiscal cliff” at year’s end are at a “stalemate,” and accused President Obama of failing to negotiate in good faith.
“There’s a stalemate, let’s not kid ourselves,” said Mr. Boehner, an Ohio Republican, during a Friday news event at the Capitol. “Right now we’re almost nowhere.”
The administration a day earlier floated a budget framework to Republicans calling for $1.6 trillion in tax increases coupled with a promise for future spending trims. The plan was immediately panned by GOP leaders, who said the offer wasn’t serious and are pressing Mr. Obama to include more entitlement cuts.
Mr. Boehner said he’s “willing to move forward in good faith” to hammer out a deal before the New Year, when George W. Bush-era tax cuts expire and a series of defense and domestic spending cuts kick in unless lawmakers reach a deal.
The Republicans’ “original framework still stands. Instead of raising tax rates, we can produce similar amount of revenue reforming the tax code to close loopholes and lower tax rates,” he said. “That’s far better for the economy.”