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."