Ryan rebuts Obama in memo to colleagues

House Budget Committee Chairman Paul Ryan (R-Wis.) has issued a detailed rebuttal to President Obama's call for a "balanced" debt-ceiling package that includes tax increases. The rebuttal comes in a memo sent Monday to GOP members of the House Budget Committee; it can be found here.

Key arguments include that the 1997 bipartisan budget agreement between then-President Clinton and a Republican Congress cut taxes rather than raising them.

He also argues that Obama has already raised taxes, since the "health care bill adds another $813 billion in taxes over 10 years. In addition to these taxes, other legislation has increased taxes (the SCHIP extension law included tax increases of $75 billion)."