The White House accused congressional Republicans on Sunday of spreading “myths” about President Obama’s efforts to avoid looming budget cuts and blamed the GOP for pushing an “unbalanced” approach that favors the wealthy.
“The notion that President Obama hasn’t put forward a solution to deal with these looming cuts is false,” said Obama senior adviser Dan Pfeiffer in a blog post. He said Mr. Obama’s latest offer to House Speaker John A. Boehner, Ohio Republican, “meets the Republicans halfway on spending and on revenues, and would permanently turn off the sequester and put us on a fiscally sustainable path.”
With less than three weeks before the mandated spending cuts take effect March 1, Mr. Obama is pushing lawmakers to reach a short-term solution that would again postpone the steeper, across-the-board cuts. The president also is seeking to raise more tax revenue as part of a long-term deficit reduction plan by closing tax loopholes and eliminating deductions, but many Republicans are opposed to further tax increases after a deal in early January raised tax rates on wealthier families.