U.S. Senate Republican Leader Mitch McConnell released the following statement today regarding the need for smarter spending reforms, not additional tax hikes, to solve our nation's debt crisis:
"The President who first proposed the sequester, and who just last year claimed that the sequester "will not happen,' now wants to "delay' the sequester for a few months with more permanent tax hikes at a time when American families are already feeling the pinch of the Obama economy. House Republicans have twice passed legislation that would replace the sequester in a smarter way, only to see it ignored by the Democrat-controlled Senate. If Democrats have ideas for smarter cuts, they should bring them up for debate. But the American people will not support more tax hikes in place of the meaningful spending reductions both parties already agreed to and the President signed into law.
"Now that Congress has acted on the tax issue, the President needs to lay out significant spending reforms--the other side of the "balance' as he defines it. But every day spent talking about "corporate jets' is a day wasted, and given that the President again missed the deadline to submit a budget this year, there's not much time to spare. The clock is ticking. It's time to get serious."
Background: During negotiations on the fiscal cliff, Sen. McConnell proposed more than $100 billion in bipartisan spending reductions as a more sensible approach to the sequester, all of which were rejected by the administration.