By Bernie Becker - 05/10/11 08:37 PM EDT
But at the same news conference, Reid told reporters that it was “unfair” for House Speaker John Boehner (R-Ohio) to say everything was on the table except tax increases when it came to the deficit.
“We should be willing to work together,” Reid said. “And the fair way to do that is to cut spending, we know we have to do that, but also to make the tax code a little more fair. And I think, rather than drawing lines in the sand, that's where we should be.”
On Monday, Boehner told the Economic Club of New York that any deal to increase the $14.3 trillion debt limit should cut spending by a greater amount than the ceiling is raised and continued to stress his opposition to tax increases.
For his part, Baucus is one of the six lawmakers meeting with Vice President Joe Biden over deficits. At a Senate Finance hearing on Tuesday, he and Nancy Altman of Social Security Works also noted that the entitlement program’s income and assets are deliberately kept separate from the federal budget.