McConnell, Boehner: Obama proposal doesn't help supercommittee

House Speaker John Boehner (R-Ohio) and Senate Minority Leader Mitch McConnell (R-Ky.) both panned President Obama's proposal to cut the deficit by $3 trillion as unhelpful to the supercommittee's work.

McConnell said that the supercommittee is taking deficit reduction much "more seriously than the White House."

"Veto threats, a massive tax hike, phantom savings, and punting on entitlement reform is not a recipe for economic or job growth—or even meaningful deficit reduction. The good news is that the Joint Committee is taking this issue far more seriously than the White House," McConnell said in a statement.