As the two sides go back and forth to solve the issue of the so-called fiscal cliff, White House Press Secretary Jay Carney issued a statement today that reveals President Obama is less willing to accept the latest offer from Congress.
States Carney, "The Speaker’s “Plan B” approach doesn’t meet this test because it can’t pass the Senate and therefore will not protect middle class families, and does little to address our fiscal challenges with zero spending cuts."
"The President has put a balanced, reasonable proposal on the table that achieves significant deficit reduction and reflects real compromise by meeting the Republicans halfway on revenue and more than halfway on spending from where each side started. That is the essence of compromise."
President Obama continues to work with Republicans to reach a bipartisan solution that averts the fiscal cliff, protects the middle class, helps the economy, and puts the nation on a fiscally sustainable path.
Added Carney, "But he is not willing to accept a deal that doesn’t ask enough of the very wealthiest in taxes and instead shifts the burden to the middle class and seniors.
The American people are hopeful that both sides can work out the party's differences to reach a solution that avoids a tax increase on the middle class that include households making over $250,000.