GOP Blasts Obama's Deficit Reduction Plan

Republican leaders on Wednesday preemptively hammered President Obama for a speech he will make about reducing the deficit, specifically decrying his plan to raise taxes for wealthy Americans.

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Story Created: Apr 13, 2011 at 11:49 AM AKDT

Story Updated: Apr 13, 2011 at 11:49 AM AKDT

 

"We don't believe that raising taxes is the answer here," Cantor added.

 

House Speaker John Boehner called for taking "meaningful steps" toward lowering the nation's debt - but said raising taxes did not qualify.

 

"If we're going to resolve our differences and do something meaningful, raising taxes will not be part of that," he said. "We've got to take meaningful steps toward solving our long-term debt problem if in fact we're going to find the votes to increase the debt ceiling."

 

Boehner also stated his support for Rep. Paul Ryan's 2012 budget proposal.  

 

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