McConnell rules out raising taxes, points to spending 'addiction'
As the debt ceiling debate heats up, Senate Minority Leader Mitch McConnell said additional tax hikes are out of the question, and the most important issue the country faces is spending.
Senate Minority Leader Mitch McConnell on Sunday ruled out raising tax revenues on top of the tax hike on the wealthy in the "fiscal cliff" deal, and said the full focus must now be on spending cuts to curb U.S. deficits.Skip to next paragraph
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"That's behind us. Now the question is what are we going to do about the biggest problem confronting our country and our future, and that's our spending addiction."
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McConnell used the Sunday morning news shows to lay out his position in the upcoming fight over raising the U.S. debt ceiling and funding the government that is expected to come to a head in March, just three months after the struggle to avert the Jan. 1 fiscal cliff of severe tax hikes and spending cuts that economists said could have brought a recession.
Republicans want big spending cuts in programs including Medicare healthcare for the elderly and the Social Security pension program as a condition for raising the U.S. borrowing limit. President Barack Obama has said he will not negotiate over the debt ceiling, arguing thatCongress must pay the bills for spending it approved.
"We could do things very quickly, these are not new issues," he said on ABC.