The plan cannot pass the upper chamber without Democratic support.
McConnell also accused Democrats of opposing the legislation solely for political reasons.
“Even more shocking is the fact that Democrat leaders and the president himself have endorsed every feature of this legislation except one and that’s the fact that it doesn’t allow the president to avoid another national debate about spending and debt until after the next presidential election,” McConnell said.
McConnell said their aim was “make the president’s reelection campaign a little bit easier.”
The latest version of Boehner’s plan would cut $917 billion in spending while adding $900 billion to the current $14.3 trillion debt limit.
It would also create a commission charged with finding another $1.8 trillion in savings by Nov. 23, and would require a second debt-limit increase before the 2012 elections.
A vote on Boehner's plan is scheduled for late Thursday afternoon.