Congressional Republicans are offering a deficit-reductionsolution to newly re-elected President Barack Obama: Let'snegotiate in good faith and all agree on our pre-electionproposal.

House Speaker John Boehner, who returned to the role of partystandard-bearer following Republican presidential nominee MittRomney's election loss, told reporters yesterday that Republicansare “willing to accept new revenue under the right conditions.” Hecited ideas Democrats already have rejected: restructuringentitlement programs and relying on revenue generated by economicgrowth from a tax-code overhaul.

Boehner is avoiding breaking with Republican positions withoutspecifying what concessions he might make in negotiations withObama, said Alex Brill, a research fellow at the AmericanEnterprise Institute, a Washington group that favors smallergovernment.

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