The White House on Monday blasted a counteroffer from House Republicans on debt talks as failing to "meet the test of balance." 

The White House said the $2.2 trillion offer of spending cuts, entitlement reforms and $800 billion in new tax revenue "includes nothing new" and was not serious. It also faulted the proposal for lowering tax rates on the wealthy. 

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"While the president is willing to compromise to get a significant, balanced deal and believes that compromise is readily available to Congress, he is not willing to compromise on the principles of fairness and balance that include asking the wealthiest to pay higher rates," White House communications Director Dan Pfeiffer said in a statement. 

"President Obama believes – and the American people agree – that the economy works best when it is grown from the middle out, not from the top down."

Pfeiffer also dismissed the GOP for providing "no details on which deductions they would eliminate, which loopholes they will close or which Medicare savings they would achieve."

Republicans touted their proposal as a much more serious offer than the one President Obama floated last week. Obama's proposal was based on his budget, and included $1.6 trillion in new tax revenues. 

The Republican letter, signed by Speaker John BoehnerJohn Andrew BoehnerDems face hard choice for State of the Union response Even some conservatives seem open to return to earmarks Overnight Finance: Trump, lawmakers take key step to immigration deal | Trump urges Congress to bring back earmarks | Tax law poised to create windfall for states | Trump to attend Davos | Dimon walks back bitcoin criticism MORE (R-Ohio), Majority Leader Eric CantorEric Ivan CantorEric Cantor: Moore ‘deserves to lose’ If we want to make immigration great again, let's make it bipartisan Top Lobbyists 2017: Hired Guns MORE (R-Va.), and four other senior Republicans, including Rep. Paul RyanPaul Davis RyanGOP leaders pitch children's health funding in plan to avert shutdown Lawmakers see shutdown’s odds rising Fix what we’ve got and make Medicare right this year MORE (R-Wis.), outlines a budget plan based on the proposal former Clinton chief of staff Erskine Bowles presented to the congressional supercommittee. The offer includes half of the tax revenues proposed by the Obama administration, would not increase overall tax rates on the wealthiest Americans, and does not include an increase to the debt ceiling.

The plan would reduce the deficit by $2.2 trillion, or by $4.6 trillion if anticipated savings from existing legislation and the wind-down of the wars in Iraq and Afghanistan are included.

“What we are putting forward is a credible plan that deserves serious consideration by the White House,” BoehnerJohn Andrew BoehnerDems face hard choice for State of the Union response Even some conservatives seem open to return to earmarks Overnight Finance: Trump, lawmakers take key step to immigration deal | Trump urges Congress to bring back earmarks | Tax law poised to create windfall for states | Trump to attend Davos | Dimon walks back bitcoin criticism MORE told reporters on Capitol Hill.

Earlier Monday, White House spokesman Jay Carney argued a Republican proposal needed to show rates on the top 2 percent of earners would rise, saying "the American people overwhelmingly disagree" with Republicans who want to maintain Bush-era tax rates for all taxpayers. The GOP proposal sent later in the afternoon preserves the Bush-era tax rates, although would eliminate some loopholes and deductions.

"Rates have to rise, and the Republicans have to acknowledge that," Carney said.

Pfeiffer accused Republicans of failing to "get serious" in the negotiations.

Republicans reject that characterization, with Senate Republican Leader Mitch McConnellAddison (Mitch) Mitchell McConnellSessions: 'We should be like Canada' in how we take in immigrants NSA spying program overcomes key Senate hurdle Overnight Finance: Lawmakers see shutdown odds rising | Trump calls for looser rules for bank loans | Consumer bureau moves to revise payday lending rule | Trump warns China on trade deficit MORE (Ky.)  issuing a statement calling the House plan a “good-faith effort to find common ground.”

“While the president hasn’t moved an inch away from his efforts to please his radical left-wing base, the speaker has consistently shown a good-faith effort to find common ground and a realistic approach to solving the very real economic problems facing our country,” McConnell said. “If the president is serious about joining us in an effort to reduce the deficit and protect the economy, he’ll get off the campaign trail, drop the left-wing talking points, and instruct his staff to negotiate a solution in good faith based on actual written proposals. In short, he'll begin doing what leaders do: Lead.”

— Russell Berman contributed reporting.