This is an exciting time of the year when we gather with family and friends, create and continue family traditions and look forward to the holidays. We also remember the brave men and women serving in our military who are unable to be with their loved ones. They continue to preserve our freedoms and liberties.
As we approach year's end the country is also facing the prospect of tax increases and across-the-board spending cuts that go into effect in January unless we take action. Last summer the House passed its plan to extend the tax cuts for all Americans for another year and replace the across-the-board sequestration cuts with targeted savings. Unfortunately the President and the Senate failed to act on these proposals.
Now the House stands ready to negotiate in good faith with President Obama on a way to address the deficit and stop tax hikes that would hurt American families and small businesses. Last week President Obama offered his plan, which made it clear he has no intention of finding common ground. His proposal is not a serious one and is unacceptable because:
-It Taxes First: President Obama's plan centers on a $1.6 trillion tax hike, which has a minimal impact on the deficit but will hurt small businesses. Washington has a spending problem, not a taxing problem. The basis of any serious proposal needs to start with real spending cuts and reforms.