| | | | Obama said Monday that after the spending reductions in the first phase of the debt-ceiling deal, "there's not much further we can cut."
"What we need to do now is combine those spending cuts with two additional steps -- tax reform that will ask those who can afford it to pay their fair share. And modest adjustments to health care programs like Medicare," he said.
Cantor immediately rejected Obama's stance as unrealistic, telling his caucus colleagues in Monday's memo that they must continue pushing for spending cuts instead of compromising on tax increases sought by Obama and Democrats. | | | | |
|