By Alexander Bolton - 12/12/12 03:07 PM EST
Senate Majority Leader Harry ReidHarry ReidThe Trail 2016: GOP stages of grief Dems slam Trump over taco bowl tweet Reid: GOP is the party of Trump MORE (D-Nev.) warned Republicans Wednesday morning that Congress will go over the “fiscal cliff” if they do not agree to raise tax rates.
Reid said Democrats will not accept any promise to raise revenues through future tax reform.
“How many times do we have to go through this drill to know that it’s an unfair game?” he said.
Some Republicans, such as Rep. Tom Cole (Okla.) and Sen. Bob CorkerBob CorkerHousing groups argue Freddie Mac's loss should spur finance reform Iran and heavy water: Five things to know Trump seeks approval from foreign policy experts, but hits snags MORE (Tenn.), have suggested extending the tax rates only for family incomes below $250,000 and allowing rates on higher incomes to rise. They say the GOP could then resume the battle over the Bush-era tax rates for the wealthy in the next Congress.
Speaker John BoehnerJohn BoehnerRyan fans GOP civil war over Donald Trump The Trail 2016: GOP stages of grief John Boehner to attend GOP convention MORE (R-Ohio) and most House Republicans, however, have shot that suggestion down. BoehnerJohn BoehnerRyan fans GOP civil war over Donald Trump The Trail 2016: GOP stages of grief John Boehner to attend GOP convention MORE on Tuesday made a counteroffer to President Obama that contained his original offer to raise $800 billion in new tax revenues.
Reid compared the Republican offer to Lucy’s regular joke at Charlie Brown’s expense in the Peanuts comic strip.
“It’s like the Charlie Brown cartoon. How many times — how many times is Charlie Brown going to try to kick that football? Because we know every time he approaches that football, it will be taken away from him,” he said.
Senate Republican Leader Mitch McConnellMitch McConnellRyan fans GOP civil war over Donald Trump Third-party push gaining steam Missouri Republican: Trump has not earned my vote MORE (Ky.) took to the floor after Reid to press Obama to agree to significant cuts to social-safety net programs, which are the biggest drivers of the federal debt.
He said Democrats should not pretend they can solve the nation’s deficit problems by raising taxes alone.
“President Obama is suddenly silent, silent on the need for spending cuts,” McConnell said. “He keeps talking about balance. That polls well. But when it comes to specific cuts, he is largely silent.
“All of a sudden, it’s all tax hikes all the time,” he said.