Republicans reject president's call to include tax revenues in debt deal
June 29th, 2011
07:18 PM ET
3 years ago

Republicans reject president's call to include tax revenues in debt deal

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(CNN)–Republican congressional leaders Wednesday rejected President Barack Obama's call to include tax revenues as part of a deal to raise the debt ceiling.

Obama said at a White House press conference Wednesday that he's already made concessions to significantly cut spending for government programs. In return, he said, Republicans should now accept proposals to end corporate tax subsidies, such as those given to oil and gas companies or tax breaks for hedge fund managers.
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Filed under: Debt • John Boehner • Orrin Hatch • Taxes