- The Washington Times - Wednesday, November 10, 2010

House Minority Leader John A. Boehner on Wednesday signaled he isn’t willing to budge in negotiations with Democrats on his stance that Bush-era tax cuts on wealthy Americans must be made permanent, saying they are needed to boost investor confidence and create jobs.

“I think extending all of the current tax rates and making them permanent will reduce the uncertainty in America and would help small businesses,” the Ohio Republican and the presumed incoming House speaker told reporters at the Capitol. “You can’t invest when you don’t know what the rules are, when you don’t know what the tax rates are going to be next year.

“And that’s why making these [tax cuts] permanent would be the most important thing we could do to help create jobs in the country.”

Lawmakers are considering the renewal of tax cuts enacted in 2001 and 2003 under President George W. Bush. The cuts for most taxpayers expire at the end of this year.

President Obama and most Democrats in Congress want to extend only the lower rates for individuals earning less than $200,000 or couples making less than $250,000. Most Republicans want to extend the breaks for taxpayers in all income brackets.

About 2 percent to 3 percent of Americans fit into the upper-income categories.

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