The following is a statement issued by the president’s Press Secretary today rejecting House Speaker John Boehner’s plan B, which raised the tax rates on millionaires to stop the plunge over the fiscal cliff.
The President has put a balanced, reasonable proposal on the table that achieves significant deficit reduction and reflects real compromise by meeting the Republicans halfway on revenue and more than halfway on spending from where each side started.
That is the essence of compromise. The parameters of a deal are clear, and the President is willing to continue to work with Republicans to reach a bipartisan solution that averts the fiscal cliff, protects the middle class, helps the economy, and puts our nation on a fiscally sustainable path.
But he is not willing to accept a deal that doesn’t ask enough of the very wealthiest in taxes and instead shifts the burden to the middle class and seniors. The Speaker’s “Plan B” approach doesn’t meet this test because it can’t pass the Senate and therefore will not protect middle class families, and does little to address our fiscal challenges with zero spending cuts. The President is hopeful that both sides can work out remaining differences and reach a solution so we don’t miss the opportunity in front of us today.
Let me see if I have this straight. If plan B doesn’t pass in the Democratically-controlled Senate, then it’s the Republicans fault, because they don’t agree entirely with President Obama’s plan?
Where’s the president’s balanced approach. He has proposed massive tax increases on the successful in our country, but where are his spending cuts?
Since the Republicans have only offered few cuts in entitlements, and Obama is too chicken to tell us any of his cuts, because he wants the Republicans to take the hit for the hard decisions - that’s also the Republicans fault?
The House should pass their budget, something Harry Reid hasn’t done in over three years, including the entitlement cuts and the tax increases for millionaires and send it to the Senate and wait for their action. If no House/Senate Conference is forthcoming, then the fiscal cliff is just as much Obama’s fault as the Republican-Controlled House!
If neither side agrees with the other, how can it be only one side’s fault? Just ask the mainstream media, of course.