This House Speaker is such a disappointment! - Reggie
Updated 5:41 p.m. Eastern Time
House Speaker John Boehner addressed one of the biggest sticking points for the 12 member Congressional "supercommittee" today, acknowledging that any bipartisan agreement will need to include some new tax revenue.
"I think there is room for revenues, but I think there clearly is a limit to the amount of revenues that are available," Boehner told reporters.
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.
That pledge was devised by Americans for Tax Reform, an advocacy group run by Grover Norquist, whom Boehner dismissed as "some random person in America" when he was asked about Norquist today. Later in the day, Boehner revised his comments.
"What I was attempting to do," he said, grinning, "was to suggest that Mr. Norquist, like millions of Americans, believes that raising taxes is not good for our economy."
Boehner insisted that Republicans would only compromise on tax revenue if Democrats were willing to take significant and painful steps to shore up Medicare, Medicaid and Social Security. "Without real reform on the entitlement side, I don't know how you put any revenue on the table."