White House senior adviser David Plouffe said on Sunday that despite Republican warnings that the tax debate is over, President Obama would not accept a budget deal without additional revenue.
“We are going to require some more revenues,” Plouffe told me on “This Week.” “John Boehner himself said he thought there was $800 billion in revenues from closing loopholes. We’ve dealt with the tax rate issue, now it’s about loopholes.”
“And I think the country would be well served by tax and entitlement reform because it would help the economy,” he added.
Plouffe said that Obama has met Republicans “more than halfway,” and that any deal needs to be “balanced.” Republicans, including Senate Republican Leader Mitch McConnell, have said that the revenue debate is “over” and that they would not negotiate with the White House for additional revenue in a budget deal.
Still not cuts, no budgets and no entitlement reform. Raising taxes is what these spenders call “balanced.” Tax revenue isn’t what causes credit downgrades.
“We need spending cuts and entitlement reform and revenue. Have to have that,” Plouffe said.