That framework aims to raise new revenue through an overhaul of the tax code. It also calls for slicing $600 billion from federal health programs, in part by increasing the Medicare eligibility age from 65 to 67, and saving $200 billion by applying a less generous measure of inflation to all federal programs, including Social Security benefits, according to GOP aides.
For the first time, Boehner managed to get his entire leadership team — including conservative champions such as House Majority Leader Eric Cantor (Va.) and House Budget Committee Chairman Paul Ryan (Wis.), the 2012 vice-presidential candidate — to publicly sign on to a plan that explicitly calls for new tax revenue. Republicans say they are willing to extract all the new tax money from households earning more than $250,000 a year, the same group Obama wants to target with higher tax rates
