Boehner: Tax Loopholes Off The Table To Avert Sequester

House Speaker John Boehner (R-OH) swiftly responded to President Obama’s Tuesday speech about avoiding the sequester by affirming that tax loopholes are off the table to raise new revenues. He said they must only be used to lower tax rates.

“Today the president advanced an argument Republicans have been making for a year: his sequester is the wrong way to cut spending. That’s why the House has twice passed legislation to replace it with common sense cuts and reforms that won’t threaten public safety, national security, or our economy. But once again, the president offered no credible plan that can pass Congress – only more calls for higher taxes. Just last month, the president got his higher taxes on the wealthy, and he’s already back for more. The American people understand that the revenue debate is now closed. We should close loopholes and carve-outs in the tax code, but that revenue should be used to lower rates across the board. Tax reform is a once-in-a generation opportunity to boost job creation in America.  It should not be squandered to enable more Washington spending. Spending is the problem, spending must be the focus.

“Washington Democrats’ newfound concern about the president’s sequester is appreciated, but words alone won’t avert it. Replacing the president’s sequester will require a plan to cut spending that will put us on the path to a budget that is balanced in 10 years.  To keep these first responders on the job, what other spending is the president willing to cut?”

ABOUT THE AUTHOR

Sahil Kapur is TPM's senior congressional reporter and Supreme Court correspondent. His articles have been published in the Huffington Post, The Guardian and The New Republic. Email him at sahil@talkingpointsmemo.com and follow him on Twitter at @sahilkapur.
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