House Speaker John Boehner gives Republican Weekly Remarks
As you know, unless President Obama and Congress take action, tax rates will go up on every American on January 1st.
The day after that, a mandatory ‘sequester’ will go into effect that will implement harmful cuts to our national defense. That is currently the law of the land.
The House has done its part to avert this entire fiscal cliff. On the 10th of May and again on Thursday, we passed legislation that would replace the ‘sequester’ with responsible spending cuts. We also passed a bill to stop all of the January 1 tax hikes. The events of the past week make it clearer than ever that these measures reflect the will of the House.
The American people re-elected President Obama on Election Day. They also re-elected a Republican majority in the House. In doing so, they gave us all a mandate. It was not a mandate to raise tax rates on families and small businesses. It was a mandate for us to work together to begin solving the massive debt that threatens our country’s future.
Unfortunately, the president and Senate Democrats have vowed to reject and veto all of our proposals while failing to offer a responsible solution of their own.
What the president has offered so far simply won’t do anything to solve our spending problem and begin to address our nation’s crippling debt. Instead, he wants more spending and more tax hikes that will hurt our economy. And he refuses to challenge the members of his party to deal honestly with entitlement reform and the big issues facing our nation. That is why we find ourselves here today.