n Friday, President Obama accused a "handful of Republicans" in the House of holding up legislation to extend tax cuts for middle class Americans in order to try to preserve the cuts for the wealthy. "It's not acceptable to me and I don't think it's acceptable to you," Obama said during a visit to a toy factory in Pennsylvania. The president has laid out a proposal to address looming budget issues that calls for a $1.6 trillion tax increase over 10 years, $50 billion in new spending in 2013, and a change that would give the White House new power to raise the federal debt limit. But Republicans say the president's offer is a step backward, though they have not detailed their own plan. UPDATE: Speaker John Boehner (R-Ohio) claimed that Obama's proposal is "not serious," leaving the negotiations at a "stalemate." He added, "Let's not kid ourselves. Right now, we're almost nowhere."
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why I'm a pro-life liberal
- 10 things you need to know today: April 17, 2014
- He said he was leaving. She ignored him.
- 31 TV shows to watch in 2014
- Texas has been holding this man hostage for 12,600 days
- Why we can't stop procrastinating, according to science
- Why would a young person today be religious?
- Israel and Russia are getting along. Have the neocons noticed?
- Why Holy Thursday is so important to Christians
- If a nuclear bomb exploded in downtown Washington, what should you do?
Subscribe to the Week