WASHINGTON (AP) — House Speaker John Boehner (BAY'-nur) says additional tax hikes are out of the question.
He's reacting ahead of time to President Barack Obama's request this afternoon for Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue. The goal is to put off the automatic across-the-board cuts that would take effect on the first of March, and allow time to work out a 10-year plan that includes more than $1 trillion in deficit reduction.
In a statement, Boehner says Americans "do not support sacrificing real spending cuts for more tax hikes."
The automatic cuts, if they are allowed to proceed, could lead to widespread layoffs, and hit hard at some defense programs and domestic spending accounts.
White House officials say Obama will ask for a targeted way to reduce the deficit in the short term, perhaps several months. He has insisted that any efforts to reduce the deficit be "balanced" between spending cuts and new tax revenue.
Obama already won about $600 billion in higher taxes at the start of the year, and congressional Republicans say they are not about to approve more tax revenue.
178-c-24-(Jerry Bodlander, AP correspondent)-"in ten years"-AP correspondent Jerry Bodlander reports the top House Republican quickly rejected the president's call for tax hikes. (5 Feb 2013)
<<CUT *178 (02/05/13)>> 00:24 "in ten years"
155-c-18-(Mark Smith, AP White House correspondent)-"for deficit reduction"-AP White House Correspondent Mark Smith reports there a lots of unanswered questions about the president's proposal. (5 Feb 2013)
<<CUT *155 (02/05/13)>> 00:18 "for deficit reduction"
157-a-06-(House Speaker John Boehner, R-Ohio, with reporters)-"go away as well"-House Speaker John Boehner says slashing spending is the key to improving the unemployment rate. (5 Feb 2013)
<<CUT *157 (02/05/13)>> 00:06 "go away as well"
APPHOTO DCSA103: House Speaker John Boehner of Ohio, accompanied by the fellow House GOP leadership, speaks during a news conference on Capitol Hill in Washington, Tuesday, Feb. 5, 2013, to urge President Barack Obama to offer ideas to replace the looming, automatic budget cuts known as the sequester . From left are, House Majority Leader Eric Cantor of Va., House Majority Whip Kevin McCarthy of Calif., Rep. Lynn Jenkins, R-Kansas., Rep. Susan Brooks, R-Ind., Boehner, and Rep. Tom Price, R-Ga. (AP Photo/J. Scott Applewhite) (5 Feb 2013)
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APPHOTO DCSA104: House Speaker John Boehner of Ohio arrives for a closed-door meeting with House Republicans, Tuesday, Feb. 5, 2013, on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite) (5 Feb 2013)
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