President Obama today announced he has invited congressional leaders from both sides of the aisle to come to the White House next week to discuss how to handle the tax increases and spending cuts now scheduled to take effect automatically in January.
House Speaker John Boehner, R-Ohio, responded:
“The year 2013 should be the year we begin to solve our country’s debt problem through entitlement reform and a new tax code with fewer loopholes and lower rates. The president has an historic opportunity to lead both parties in forging an agreement that averts the fiscal cliff in a manner that ensures 2013 will be that year.
“The increased tax rates that would be allowed under the Senate-passed bill are part of the fiscal cliff that economists are warning us to avoid. Those increased tax rates will destroy jobs in America by hurting small businesses across the country. Republicans are eager to get to work on an agreement that averts the entire fiscal cliff. The House has passed legislation to accomplish this vital goal. We look forward to joining the president next week and working to forge an agreement that will do the same.”
House Minority Leader Nancy Pelosi, D-San Francisco, responded:
“President Obama is exactly right: the American people voted on Tuesday for certainty for our economy and middle class families. Speaker Boehner and House Republicans can provide that certainty, and establish a sound basis for negotiations on comprehensive deficit reduction package, by taking up the Senate-passed bill to extend the middle income tax cuts. President Obama has his signing pen ready, and I am certain that, given the opportunity, Democrats in the House will vote to send the middle income tax cut to the President next week.
“President Obama reiterated today that we must work toward compromise to address our nation’s deficit, and we stand firmly on the side of a balanced approach. President Obama took this issue of tax fairness to the American people with great clarity, and the American people agreed with him. The wealthiest Americans must pay their fair share.
“The tax proposal that the President restated today is the right way to move forward, enabling us to start the conversation about a responsible, long-term deficit reduction plan. The President was clear in the campaign. The American people have spoken. Let’s sit down and get the job done. Every day we delay, adds to the uncertainty of the middle class. Let’s pass the Senate bill now and show the American people that people of goodwill can get the job done. We must.”