Conservative Fiscal Cliff Food Fight
House Speaker John Boehner is getting backlash from the Tea Party wing of the GOP.
Sen. Jim DeMint (pictured), a tea party favorite, ripped House Republican leaders for offering a budget framework that embraced new taxes, saying the GOP plan to raise $800 billion in new revenue would hurt the economy, kill jobs and not reduce the national debt by a penny.
“This isn’t rocket science,” Mr. DeMint, South Carolina Republican, said. “Everyone knows that when you take money out of the economy, it destroys jobs, and everyone knows that when you give politicians more money, they spend it. This is why Republicans must oppose tax increases and insist on real spending reductions that shrink the size of government and allow Americans to keep more of their hard-earned money.”
Led by House Speaker John A. Boehner, House GOP leaders sent a $2.2 trillion “fiscal cliff” counteroffer to President Obama on Monday that included the $800 billion in tax increases, which would be generated through eliminating loopholes and deductions in the federal tax code.