Obama already got his tax increases without conceding any spending cuts.<quoted text>
Sen. Ron Johnson (R-Wis.) said House Speaker John Boehner (R-Ohio) would lose his speakership if he agrees to new tax revenues to avert the across-the-board spending cuts that are set to kick in on March 1.
In the battle over the sequester, Boehner has maintained his pledge not to entertain any new tax revenues. President Barack Obama and Democrats have called for a resolution that consists of both spending cuts and increased revenue, such as closing corporate tax loopholes and implementing the Buffet rule to raise taxes on billionaires.
During a news conference Monday, Boehner showed no signs of hedging.
"The president says we have to have another tax increase in order to avoid the sequester, he said. "Well, Mr. President, you got your tax increase. Its time to cut spending here in Washington."
Time to address the other side of the ledger.
Democrats have a choice between the sequester and negotiated spending reductions. The ball is in their court.
Taxed Enough Already.