News / USA

Congressional Republicans Reject Any Tax Increases to Reduce Deficit

House Speaker John Boehner (l) and House Majority Leader Eric Cantor on Capitol Hill, April 13, 2011
House Speaker John Boehner (l) and House Majority Leader Eric Cantor on Capitol Hill, April 13, 2011
Cindy Saine

President Barack Obama has outlined his plans to reduce the nation's massive deficit.  The Democrat-led White House and Republican leaders in Congress agree the deficit is threatening the U.S. economic recovery, but Republican lawmakers are rejecting any proposals by the president to raise taxes on corporations and the wealthiest Americans.   

Republican House Speaker John Boehner says any proposal from President Obama to raise taxes would be "unacceptable" and a "non-starter" for budget negotiations.  He was joined at a news conference on Capitol Hill by Republican Majority leader Eric Cantor, who said calls for tax increases are "vintage Obama."

"We do not believe that raising taxes is the answer here," said Cantor. "I think the American people understand we have a serious problem in this country.  We have a debt that will crush the next generation and the ability for us to see a better future."

The House is likely to begin debate Thursday on a Republican-sponsored 2012 budget bill that would cut trillions of dollars from the federal budget, and re-structure the popular social programs of Medicare and Medicaid, which provide health care coverage for the elderly and the poor.  Democratic House Minority Whip Steny Hoyer said Republicans are unfairly targeting the elderly and the poor.

"Republicans say we are too broke to afford the promise of Medicare," said Hoyer. "But we are flush enough to spend trillions in tax cuts for those of us are the best off."

Republican Senate Minority leader Mitch McConnell said Washington has to take action because other countries are watching to see if the United States can get its soaring deficit and huge national debt contained.

"Well I think they want to know whether America is going to get its act together or whether America is going to become another Greece," said McConnell. "And I think how foreign countries view what we do is very, very  significant in this global economy.  Is America in decline or is America still rising?"

Last week, Republican and Democratic lawmakers agreed to cut $38.5 billion in spending from the current fiscal year's budget, a deal that narrowly averted a government shutdown that would have begun the following day.

The House is likely to vote Thursday on the 2011 budget bill, with the Senate set to vote on it later in the day.

You May Like

Ebola Death Toll Nears 5,000 as Virus Advances

West Africa bears heaviest burden; Mali toddler’s death raises new fears More

Jordan’s Battle With Islamic State Militants Carries Domestic Risks

Despite Western concerns that IS militants are preparing a Jordanian offensive, analysts call the kingdom's solid intel a strong deterrent More

Asian-Americans Assume Office in Record Numbers

Steadily deepening engagement in local politics pays off for politicians like Chinese-American Judy Chu More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Talks to Resume on Winter Gas for Ukrainei
X
Al Pessin
October 25, 2014 4:21 PM
Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Talks to Resume on Winter Gas for Ukraine

Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Smugglers Offer Cheap Passage From Turkey to Syria

Smugglers in Turkey offer a relatively cheap passage across the border into Syria. Ankara has stepped up efforts to stem the flow of foreign fighters who want to join Islamic State militants fighting for control of the Syrian border city of Kobani. But porous borders and border guards who can be bribed make illegal border crossings quite easy. Zlatica Hoke has more.
Video

Video Comanche Chief Quanah Parker’s Century-Old House Falling Apart

One of the most fascinating people in U.S. history was Quanah Parker, the last chief of the American Indian tribe, the Comanche. He was the son of a Comanche warrior and a white woman who had been captured by the Indians. Parker was a fierce warrior until 1875 when he led his people to Fort Sill, Oklahoma, and took on a new, peaceful life. As VOA’s Greg Flakus reports from Cache, Oklahoma, Quanah’s image remains strong among his people, but part of his heritage is in danger of disappearing.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.
Video

Video US ‘Death Cafes’ Put Focus on the Finale

In contemporary America, death usually is a topic to be avoided. But the growing “death café” movement encourages people to discuss their fears and desires about their final moments. VOA’s Jerome Socolovsky reports.
Video

Video Ebola Orphanage Opens in Sierra Leone

Sierra Leone's first Ebola orphanage has opened in the Kailahun district. Hundreds of children orphaned since the beginning of the Ebola outbreak face stigma and rejection with nobody to care for them. Adam Bailes reports for VOA about a new interim care center that's aimed at helping the growing number of children affected by Ebola.

All About America

AppleAndroid