Sr. White House Advisors are now saying “we are ready to go over the cliff” — in response to the House offer sent a few hours ago
5:46PM EST 12.3.2012 – Washington — The White House won’t respond to the House Republican proposal on the fiscal cliff issue that was just sent to the WH since Republican plan has no increase in taxes for the rich.
The White House Senior Advisors are blasting Speaker Boehner for this proposal aimed at averting the “fiscal cliff,” saying it does not meet what the White House calls “the test of balance.”
White House communications director Dan Pfeiffer says the GOP proposal would lower tax rates for the wealthy and stick the middle class with the bill. He says the plan includes nothing new and provides no details on how it would achieve higher revenues.
House Republicans Monday made a new deficit proposal to the White House that calls for $800 billion in increased tax revenue, half of what President Barack Obama proposed and an amount Republicans say could be achieved without increasing tax rates.
The House Republican plan calls for $800 billion in higher tax revenue over 10 years. But it would keep the Bush-era tax cuts in place for all income earners.
Obama has insisted there can be no deal unless Republicans agree to end the tax cuts for families making more than $250,000 a year when they expire in January.
In their counteroffer, Republicans did not accept Mr. Obama’s bottom-line demand that income-tax rates increase for the top two income brackets. GOP aides describing the plan said they believed the proposed $800 billion revenue target could be met without raising rates, and instead by closing loopholes and deductions in a broad rewrite of the tax code.
House Speaker John Boehner told reporters on Capitol Hill at a briefing detailing the plan:
“Going over the cliff will hurt our economy and hurt job creation in our country. It’s one of the reasons the day after the election I offered a concession to try and speed this process up. Unfortunately, the White House responded with their ‘La-La-Land’ offer that couldn’t pass the House or Senate and was basically the president’s budget from last February.”