You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


Wealthy willing to pay more in taxes

GOP business leaders say cuts in spending needed

A number of wealthy Republicans, bucking their party’s orthodoxy, say they would be willing to pay higher taxes as part of a comprehensive plan to get the nation’s finances on track.

These Republicans, most of them supporters of former Massachusetts governor Mitt Romney, say they still want to see substantial cuts in federal spending, but believe higher taxes are needed to help bring down the deficit and nation’s ballooning $16 trillion debt, which now exceeds the annual output of the US economy.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week