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Hoyer: I'm prepared to raise taxes on earners below $250k in the future

House Minority Whip Steny Hoyer (D., Md.) said Monday he would support tax increases on those who earn less than $250,000 at some point in the future.

"The president initially has it about right, at the ($250,000 level)," Hoyer said, following a speech at the Center for American Progress. "But I would be prepared to go lower at some time in the future than that."

"Our economy is still struggling and I think going lower than that would have adverse impact on the economy," Hoyer added. "I don't think going higher than that will have an adverse impact."

Published under: Congress