Obama, Boehner stick with differing plans to avoid 'fiscal cliff'
President Barack Obama and House Speaker John Boehner, on Saturday reiterated pledges to work together to avoid the impending "fiscal cliff" of automatic spending cuts and tax hikes.
President Barack Obama and House Speaker John Boehner, R-Ohio, on Saturday reiterated pledges to work together to avoid the impending "fiscal cliff" of automatic spending cuts and tax hikes. But in their weekly radio addresses, the two leaders offered radically different visions for raising revenue while cutting spending.
The president listed job creation and economic growth as his top priorities. While pledging to not raise taxes on most Americans, the president said spending cuts must be combined with "asking the wealthiest Americans to pay a little more in taxes."
Boehner countered that raising top tax rates would, according to accounting firm Ernst & Young, "destroy 700,000 American jobs. That's because many of those hit by this tax increase are small-business owners — the very people who are the key to job creation in America."
Obama reiterated his campaign promise that he would not ask students, seniors or middle-class families to pay more in taxes. "Even as we negotiate a broader deficit reduction package, Congress should extend middle-class tax cuts right now. It's a step that would give millions of families and 97 percent of small businesses the peace of mind that will lead to new jobs and faster growth."
Boehner instead proposed "shoring up entitlement programs" and closing tax loopholes as alternatives to raising taxes on the rich.
The president said the plan he stumped on during the campaign will reward businesses that create jobs, provide access to education and training, and rebuild the nation's infrastructure while pushing clean energy. The plan will "reduce our deficit in a balanced and responsible way," Obama said.
Obama said he had invited leaders of both parties to the White House this week "to build consensus around challenges we can only solve together."
The two leaders spoke briefly last week, Boehner said, adding that he was hopeful the two parties could forge a deficit-reduction agreement that passes both chambers of Congress.
As anti-Semitic attacks rise, Grant Feller re-evaluates his identity
Kirstie Allsopp has waded into the female fertility debate again
...and it wasn't caused by an asteroid crash, as first thought
Savoury patisserie is a thing now
Gillian Anderson lays into gender disparity in Hollywood
- 1 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 Prince held a Facebook Q&A and this is the only question he answered...
- 3 35,000 walrus gather on north-west Alaska beach 'for a rest'
- 4 Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
- 5 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Stella McCartney apologises over controversial 'very ill' model picture on Instagram
Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
Prince held a Facebook Q&A and this is the only question he answered...
Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
Cheryl Cole named 'the most dangerous celebrity' on the internet
Former Tory donor Arron Banks ups his Ukip donation to £1million following William Hague 'nobody' comment
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Should gay sex be illegal? 16% of Britons think so
- < Previous
- Next >
£55000 - £60000 Per Annum plus excellent benefits: Clearwater People Solutions...
£35000 - £40000 Per Annum: Clearwater People Solutions Ltd: Our client, a prog...
£90 - £120 per day + tax deductable expenses: Randstad Education Leicester: Ke...
£90 - £120 per day: Randstad Education Leicester: Our client is seeking to app...