Subscribe Register Login

Friday, August 29, 2014, 3:09 a.m.
Top Picks - Capture Arkansas

Obama to press GOP on averting sequester

By The Associated Press

This article was published February 19, 2013 at 8:32 a.m.

— Facing yet another fiscal deadline, President Barack Obama is urging congressional Republicans to accept more tax revenue in order to avert looming, across-the-board budget cuts due to take effect in less than two weeks.

Obama, fresh off a three-day Florida golfing trip, was to press his case during an event at the White House on Tuesday morning. Emergency responders, a group of workers the White House says could be affected if state and local governments lose federal money as a result of the cuts, were joining him.

The $85 billion in cuts, known as the sequester, will start taking effect March 1 unless Congress acts. The White House says the sequester could derail an economy still suffering from high unemployment and sluggish growth.

Obama wants to offset the sequester through a combination of targeted spending cuts and increased tax revenue.

The White House is backing a proposal unveiled last week by Senate Democrats that is in line with the president’s principles.

But that plan was met with an icy reception by Republicans, who oppose raising more tax revenue in order to offset the cuts. GOP leaders say the president got the tax increases he wanted at the beginning of the year when Congress agreed to raise taxes on family income above $450,000 a year.

The White House said Obama on Tuesday would call on congressional Republicans to compromise and accept the Senate Democrats’ proposal.

The Democrats propose to generate revenue by ending some tax provisions. Those include tax breaks for the oil and natural gas industry and businesses that have sent jobs overseas, and by taxing millionaires at a rate of at least 30 percent.

Comment on: Obama to press GOP on averting sequester

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Displaying 1 - 1 of 1 total comment

Jackabbott says... February 19, 2013 at 10:05 a.m.

Obama has become as slothful as Bush. Spend a billion to get re-elected and already two vactions this year. Does anyone take him serioulsy? This is one reason he has such a hard time with the other hard heads in the GOP. You have to set an example if you want to lead and get something done.

( | suggest removal )

  • page
  • 1
Click here to make a comment

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

TOP JOBS

  • Police officer exam

    Entry Level The City of Conway will test for entry level Pol...
    CONWAY, AR

  • Instructors

    The University of Arkansas at Little Rock (UALR), located in...
    LITTLE ROCK, AR

  • Clerical worker/secr

    clerical worker/secretary Job Opening for Part-Time or Full-...
    PINE BLUFF, AR

  • Airport manager

    City of El Dorado, ArkansasSouth Arkansas RegionalAirport, G...
    EL DORADO, AR

  • Laundry manager

    office manager Small office in Southwest Little Rock, some d...
    LITTLE ROCK, AR

Search 921 jobs >

Top Picks - Capture Arkansas
Arkansas Online