Caving: Boehner puts tax rate increases on the table

(CNN) – House Speaker John Boehner on Saturday offered to allow income tax rates for wealthy Americans to increase in exchange for spending cuts, tax reform and entitlement reform in fiscal cliff negotiations with the White House, according to a source familiar with the discussions.

Boehner offered to allow tax rates to go up on American families earning $1 million or more. The president has long demanded rates increase on households earning more than $250,000.

Rob Port is the editor of In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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