Boehner Says Debt Deal Will Include Tax Increases

House Speaker John Boehner (R-OH) acknowledged that any bipartisan agreement on debt reduction will need to include some new tax revenue, CBS News reports.

Said Boehner: “I think there is room for revenues, but I think there clearly is a limit to the amount of revenues that are available.”

“The comment was significant because Boehner and other Republican leaders have repeatedly insisted that tax increases are off the table, and most Republicans in the House and Senate have signed a ‘taxpayer protection pledge’ vowing not to raise taxes.”