Boehner says tax cuts needed to create jobs
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Future House Speaker John Boehner says the persistent high unemployment rate reinforces Republican demands that Congress act now to cut spending and extend soon-to-expire tax cuts for everyone.
The Ohio Republican reacted to the latest figures showing a 9.8 percent jobless rate by criticizing Democratic efforts to stimulate the economy and allow tax cuts for the wealthy to expire. He says the current lame-duck session of Congress should "do the right thing" and vote immediately to cut spending and extend George W. Bush-era tax cuts for all taxpayers.
If Congress doesn't act now, he says, Republicans will do so when they take control of the House in January.
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The Obama White House, Republicans and Democrats are trying to work out a compromise on the tax cut issue.