“I have no idea what you’re talking about,” Reid said. “Do you know what the plan is?”
“The plan that includes revenues,” the reporter continued.
“What kind of revenues?,” Reid responded. “What else?”
The reporter noted the plan would require Congress to cede control of the debt ceiling to the White House, and said it included $200 billion in economic stimulus.
“I think it was $50 billion,” Reid said.
Earlier this month, Treasury Secretary Timothy Geithner outlined the president’s initial offer to Republicans in the “fiscal cliff” negotiations. The White House sought $1.6 trillion in new tax revenue through higher rates on wealthy citizens, $400 billion in cuts to entitlement programs, and a new $50 billion stimulus plan. The plan would also allow the president to raise the debt ceiling without action from Congress, something many lawmakers oppose.
Senate Minority Leader Mitch McConnellMitch McConnellDHS urges states to beef up election security DHS chief: 21 states sought help over election hacking concerns 9/11 bill is a global blunder that will weaken US efforts abroad MORE (R-Ky.) last week tried to force a vote on the plan as an amendment to a Russian trade bill, but Reid objected, saying the Russian trade bill is about job creation, not political stunts from Republicans.
McConnell said that he'd be happy to have a stand-alone vote on the president's plan rather than attaching it to legislation as an amendment.