For their part, Republicans have been steadfast that the country’s fiscal problems are due to excess spending.
Rep. Eric CantorEric Ivan CantorBottom line Virginia GOP candidates for governor gear up for convention Cantor: 'Level of craziness' in Washington has increased 'on both sides' MORE (R-Va.), the House majority leader, has also signaled to colleagues that discussions with Vice President Joe BidenJoe BidenBiden invokes Trump in bid to boost McAuliffe ahead of Election Day Business lobby calls for administration to 'pump the brakes' on vaccine mandate Overnight Defense & National Security — Presented by Boeing — Afghanistan reckoning shows no signs of stopping MORE and other lawmakers over a deal to raise the $14.3 trillion debt ceiling are moving into health care entitlements.
BoehnerJohn Andrew BoehnerRift widens between business groups and House GOP Juan Williams: Pelosi shows her power Debt ceiling games endanger US fiscal credibility — again MORE has said that any deal will have to spending cuts greater than the amount the debt limit is increased.
In their letter, the House Democrats also point to polling that suggests Americans support higher tax rates for the wealthy and rolling back tax credits and deductions used by the oil-and-gas industry.
Schakowsky has introduced legislation that would implement incrementally higher tax rates on income over $1 million a year.