Raise taxes! What a novel idea from our dear leader! I think it is worth noting that it was Obama who signed the sequester into law.
House Speaker John Boehner (R., Ohio) was asked at a press conference today what House Republicans planned to do to avoid the spending sequester set to take effect in March.
Boehner reminded members of the press that House Republicans have, on two separate occasions, passed legislation that would replace the sequester with an alternative package of cuts less heavily weighted toward the defense budget. “It’s time for the Senate Democrats to do their work,” he said. “It’s time for the president to offer his ideas about how to replace the sequester.”
Moments later, the White House announced that President Obama will propose a short-term package of spending cuts and tax increases that would delay the sequester until the formal budget process can be completed (Obama’s budget is already past due). He is scheduled to speak at 1:15 p.m., the same time that House majority leader Eric Cantor (R., Va.) will deliver a major address at the American Enterprise Institute. A coincidence, surely.
Needless to say, the proposal is going nowhere. “Not going to happen,” says a House GOP aide. “Obama got his tax hikes. That debate is over.” The fiscal-cliff deal passed earlier this year included $600 billion in new taxes. However, the president and his Democratic allies have made clear they want even more. Republicans, meanwhile, say enough is enough.
h/t: Weasel Zippers