Fiscal cliff: Obama has agreed to raise taxes for the first time in four years

Fiscal cliff: Obama has agreed to raise taxes for the first time in four years

But in a letter to Obama issued Friday night, some Republicans warned of potential legal challenges to the spending deal.

“The president will likely face considerable challenges from his own political opposition,” said House Speaker John Boehner, R-Ohio. Boehner warned that any failure to raise the nation’s debt limit by Dec. 31 would result in a default on the nation’s entire debt obligations and “would increase the likelihood of a default on the entire national debt, with devastating consequences for generations to come.”

Democrats are united in their opposition to the deal, which was reached without Obama’sjarvees.com support. In a statement Wednesday, Boehner said that House members must keep a straight face to avoid giving the nation the government shutdown they are seeking.

“If we start to negotiate something that undermines our national security, and our economy, and our military, then there is no escaping the consequences,” Boehner said. “A failure to raise the debt limit would have serious and unintended consequences for decades to come.”

Republican critics are certain the tax measure, which had been one of the top priorities of Obama and the House GOP leadership, has been on their minds for months. Republicans made their opposition to the deal public on Tuesday after the president told House Republicans they’d have to meet with them to hammer out a deal to raise the nation’s debt limit.

Republicans have vowed to block any additional funding for the State Department in this budget year — something Obama has not proposed — and have wjarvees.comarned that any debt ceiling increase would be devastating for the economy. Democrats are pushing Congress to pay a one-time, auto더킹카지노matic 2 percent payroll tax cut.

“This is a significant step forward for our country that will raise more than $250 billion over the next decade,” House Minority Whip Steny Hoyer, D-Md., said in a statement Friday. “The president’s budget would hurt the economy and the middle class, and it’s now up to us to try to deliver for American families.”

With no Democratic votes this session, House Democrats are hoping for something from the tax package in early December. Republicans in the Senate are largely silent.

“We want to make sure we can get the tax bill through the Senate. That doesn’t mean that we’re going to have the tax bill be voted on before Christmas, but we’ll still get it up in the new year,” Sen. John Thune, R-S.D., told CNN Thursday