Speaker John Boehner (R-OH) plans to urge the supercommittee to overhaul the tax code. In a speech he plans to deliver at the Economic Club of Washington on Thursday, Boehner will propose that the selected lawmakers lower the corporate tax rate and close loopholes instead of seeking tax increases. He will also urge them to consider entitlement reform.
The Speaker will reiterate that while the House will consider President Obama’s jobs proposals, he does not think they are a substitute for the GOP’s own economic program, which he will continue to push in Congress.