Republicans reject president's call to include tax revenues in debt deal

Townhall.com Staff
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Posted: Jun 30, 2011 11:10 AM
Republicans reject president's call to include tax revenues in debt deal
(CNN)–Republican congressional leaders Wednesday rejected President Barack Obama's call to include tax revenues as part of a deal to raise the debt ceiling.

Obama said at a White House press conference Wednesday that he's already made concessions to significantly cut spending for government programs. In return, he said, Republicans should now accept proposals to end corporate tax subsidies, such as those given to oil and gas companies or tax breaks for hedge fund managers.