House Republicans oppose tax hikes
House Republicans led by Eric Cantor and Paul Ryan insist on no tax increases as President Obama prepares a plan to address deficits and growth. They call for reform over hikes and warn debt limits must be raised to avert default while praising the start of budget talks.
MENTIONED IN THIS ARTICLE
Washington
D.C
Barack Obama
House
Eric Cantor
Cantor
Paul Ryan
Wisconsin
Ways and Means Committee
GOP
Obama
Ryan
Tom Price
R-Ga
Wis
Budget Committee
Obama calls for $4 trillion deficit cuts and tax hikes
President Obama urged a mix of spending reductions and higher taxes on the wealthy to cut the deficit, proposing a debt failsafe if 2014 debt trends fail. He argued for endingBush era tax cuts and warned Republicans against preserving tax breaks for the wealthy while harming Medicare and Medicaid.
MENTIONED IN THIS ARTICLE
Washington, D.C
Barack Obama
Congress
Obama
John Boehner
Ohio
Washington
Boehner
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