More Taxes! More Spending! Obama Rallies Democrats After Heavy Election Losses

At the Democratic retreat today, President Obama is expected to call for Democrats to win the future by ending spending cuts and shelling out even more money.

In multiple reports this morning, White House sources detail the president’s plans to call for an end to the sequester budget cuts as part of the budget deal he signed in 2011.

Obama also plans to call Democrats to support up to $70 billion in new spending as well as a proposal to raise taxes by “closing tax loopholes” in the existent tax code.

Cory Fritz, a spokesman for House Speaker John Boehner criticized the president’s new spending plan.

“Republicans believe there are smarter ways to cut spending than the sequester and have passed legislation to replace it multiple times, only to see the president continue to demand tax hikes,” he said in a statement. “Until he gets serious about solving our long-term spending problem it’s hard to take him seriously.”


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