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.
Diving in at the deep end is no excuse for shirking the style stakes
- 1 Belgium fan Axelle Despiegelaere lands L'Oreal campaign after World Cup viral photo
- 2 Orange Is The New Black has not been cancelled – it was a hoax
- 3 Why I'm on the brink of burning my Israeli passport
- 5 Blackest is the new black: Scientists have developed a material so dark that you can't see it...
Pope Francis: ‘One in 50’ Catholic priests, bishops and cardinals is a paedophile
Fry ‘criticises Operation Yewtree in dinner party rant’ calling for tougher laws to deter false sex abuse allegations
Supermoon 2014 in pictures: Moon appeared bigger and brighter at the weekend
Saharan remains may be evidence of first race war, 13,000 years ago
Israel-Gaza conflict: ‘Sderot cinema’ image shows Israelis with popcorn and chairs 'cheering as missiles strike Palestinian targets'
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
Emergency data law: David Cameron plots to bring back snoopers’ charter
NUT strike: David Cameron announces crackdown on strike action ahead of mass industrial action
£550 Per Day: Clearwater People Solutions Ltd: Our client based in Walthamstow...
£40000 - £50000 per annum + competitive: Progressive Recruitment: This excitin...
£30000 - £40000 per annum + bens: Deerfoot IT Resources Limited: PHP Developer...
£27,000-£34,000 per annum: US Embassy: An office of the US Embassy based in Be...