House Speaker John Boehner offered Wednesday to pursue a deal with a victorious President Barack Obama that will include higher taxes "under the right conditions" to help reduce the nation's staggering debt and put its finances in order.
Speaker of the House John Boehner
"Mr. President, this is your moment," Boehner told reporters, speaking about the "fiscal cliff" that will hit in January. "We want you to lead."
Boehner said House Republicans are asking Obama "to make good on a balanced approach" that would including spending cuts and address government social benefit programs.
"Let's find the common ground that has eluded us," Boehner said while congratulating the president on winning a second term. (Read more: Obama Re-elected as Crucial Ohio Goes His Way.)
The Ohio Republican spoke a day after the president's clear re-election victory. He said conditions on higher taxes would include a revamped tax code to make it cleaner and fairer, fewer loopholes and lower rates for all.