House speaker says he'll consider tax increase

UPDATED 20:15 PM EST, November 7, 2012

WASHINGTON (AP) — House Speaker John Boehner offered Wednesday to pursue a deal with a newly-re-elected President Barack Obama that would raise taxes "under the right conditions" to help reduce the nation's staggering debt and put its finances in order.

The Ohio Republican said raising revenues would be accomplished through economic growth, lower tax rates, fewer tax loopholes and by making the tax code simpler and fairer.

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