- Iraq: 60 dead in attack on prisoner convoy
- Marco Rubio: U.S. at social, moral crossroads
- ‘We’re coming for you, Barack Obama’: Top U.S. official discloses threat from ISIL
- White flags baffle NYPD: ‘We’re lucky it wasn’t a bomb’
- N.Y. Gov. Cuomo’s office interfered with, pressured corruption commission: report
- Brit lawmaker: I would fire on Israel if I lived in Gaza
- VA apologizes to forgotten Marine veteran locked in Fla. clinic, forced to call 911
- U.S. social and economic trends on worrisome track, survey finds
- McDonald nomination unanimously referred to full Senate
- Chuck Norris honorary chairman of NRA voter registration campaign
Barbs fly on ‘fiscal cliff’ but still no agreement
Boehner: ‘You can’t be serious’
Question of the Day
Treasury Secretary Timothy F. Geithner pushed back Sunday at Republican attacks on the Obama administration’s proposal rolled out four days earlier to avoid falling off the “fiscal cliff,” saying if GOP leaders don’t like it, they should come up with a plan of their own.
But while Mr. Geithner says he is still optimistic a deal will be worked out before critical year-end deadlines, House Speaker John A. Boehner, Ohio Republican, said Sunday that talks with the administration are going nowhere and accused President Obama of trying to ram through the White House plan without negotiating in good faith.
Both sides say the other is digging in and playing partisan hardball at the expense of the fragile economy.
“If they’ve got some different suggestions, [if] they want to go further in some areas, then they should lay it out to us,” Mr. Geithner told “Fox News Sunday.” “We are waiting to hear from them.”
The administration on Thursday floated a budget framework to Republicans calling for $1.6 trillion in tax increases coupled with promised spending cuts of $400 billion. Mr. Geithner also said tax reforms in the president’s plan would raise $600 billion.
“We laid out a very detailed, carefully designed set of spending, savings and tax changes that help put us back on a path to fiscal responsibility,” he said.
Mr. Geithner said he is hopeful a deal can be brokered before hitting the early January fiscal cliff, when George W. Bush-era tax cuts expire and a series of defense and domestic spending cuts kick in — a scenario that would trigger a crippling recession, many economists say.
Mr. Obama and most Democrats want to extend the tax cuts only for individuals making less than $200,000 and couples earning less than $250,000 — about 98 percent of all taxpayers. Republicans want to continue the cuts for everyone.
Mr. Geithner said if negotiations fail, the blame will rest with a “small group” of Republicans in Congress who “decide they’re going to block an agreement because they’re not prepared to see tax rates rise modestly for just 2 percent of the wealthiest Americans.”
GOP leaders dismissed the president’s plan almost immediately last week, saying it doesn’t include enough spending cuts and raises taxes too much. Senate Minority Leader Mitch McConnell, Kentucky Republican, reportedly laughed when shown the plan’s details last week, while Mr. Boehner said Sunday he was “flabbergasted.”
“I looked at [Mr. Geithner] and said, ‘You can’t be serious,’” Mr. Boehner told “Fox News Sunday.” “We’ve got seven weeks between Election Day and the end of the year. And three of those weeks have been wasted with this nonsense.”
GOP leaders, including Mr. Boehner, have denied they don’t have a plan of their own, pointing to their postelection offer to allow the government to raise tax revenue through ending some deductions and closing loopholes — though they have held strong against raising tax rates. They say it’s now the Democrats’ turn to bring more to the negotiating table — namely bigger cuts to major entitlements such as Medicare.
The speaker said he still is willing to work with the president to hammer out a deal before the new year. He declined to offer specific details, though he said recent budget plans by House Budget Committee Chairman Paul Ryan, Wisconsin Republican, offer plenty of examples on how to lower the debt and deficit.
“I don’t want any part of going over the cliff. I’m going to do everything I can to avert that,” he said.
Sen. Lindsey Graham, South Carolina Republican, sounded even more pessimistic, predicting on CBS’ “Face the Nation” on Sunday that “I think we’re going over the cliff.” He also called the president’s proposed entitlement reforms “a joke.”
“The president’s plan does nothing but damn us to becoming Greece,” Mr. Graham said of the European country facing a budget crisis and 25.4 percent unemployment.
Mr. Geithner said Republican leaders in Congress are “in a very difficult place” because they are struggling to win support for a plan from their members, many of whom are committed to taking a hard-line stance against the president.
“We’re going to continue to look for ways to solve this problem, but ultimately [Republicans] have to come to us to say what they think they need,” the secretary said Sunday on ABC’s “This Week.” “What we can’t do is to keep guessing about what works for their caucus.”
Sen. Claire McCaskill, Missouri Democrat, told NBC’s “Meet the Press” on Sunday she “almost feel[s] sorry” for Mr. Boehner because “there is incredible pressure on him from a base of his party that is unreasonable about this.”
Mrs. McCaskill suggested her party hold firm because — if Republicans refuse to deal and the Bush tax cuts expire for everyone at year’s end — public pressure would force them to cave as soon as Congress returns to Washington in early January.
“They are going to get stuck with a raising of the rates of the top 2 percent either in a very painful way, or in a way that we can all suffer a little bit [and] address all three legs of the stool — entitlements, cuts and revenues — in a way that makes sense,” she said.
“It’s time for us all, maybe together, hold hands and say, let’s look at some of the things we’ve got to do structurally.”
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
About the Author
Sean Lengell covers Congress and national politics and can be reached at firstname.lastname@example.org.
- GOP tests Democrats on college loan issue
- Lawmakers outside intelligence loop get miffed about briefing structure in Congress
- John Boehner: Time is right to bring latest farm bill to House floor
- Supreme Court nears rulings on key voting rights cases
- N.J. Gov. Christie picks state A.G. to fill U.S. Senate seat
Latest Blog Entries
TWT Video Picks
The subsidies are a hit with patients who don't exist
- Obama orders Pentagon advisers to Ukraine
- House task force to recommend National Guard on border, faster deportations
- EDITORIAL: Poor Hillary, rock-star wannabe
- Netanyahu's Wikipedia page replaced with giant Palestinian flag
- Hamas rejects Kerry's call for cease-fire; Hezbollah in Syria could join fight against Israel
- Hamas orders civilians to die in Israeli airstrikes
- Democratic Sen. John Walsh plagiarized War College master's thesis: report
- CARSON: Costco and the perils of mixing politics and business
- FIELDS: A tale of a boy, a Bible and a gun
- 'We're coming for you, Barack Obama': Top U.S. official discloses threat from ISIL terrorists
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world
Fighting in Iraq