Tags: debt | obama | boehner | plan | taxes

Boehner: Obama Not Serious About Debt Reform

Monday, 19 Sep 2011 12:36 PM

 

WASHINGTON (Reuters) - House of Representatives Speaker John Boehner Monday rejected President Barack Obama's $3 trillion plan to cut U.S. deficits, saying it would fail to tackle long-term problems and would raise taxes.

In a statement, Boehner, the top Republican in Congress, said Obama "has not made a serious contribution" to the effort by a special bipartisan congressional committee that has been asked to make recommendations to reduce the deficit by $1.2 trillion over 10 years.

Boehner said the Democratic president's proposal fails to tackle the financial problems facing federal health and retirement programs and insists on raising taxes.

(Reporting by Donna Smith; Editing by Will Dunham)

© 2015 Thomson/Reuters. All rights reserved.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved