Senate Minority Leader Mitch McConnell said further tax changes are off the table as lawmakers and the president gear up for a fight next month over raising the U.S. government’s debt limit.
“The tax issue is finished, over, completed,” McConnell said on ABC’s “This Week” program. “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.”
“One thing I will not compromise over is whether or not Congress should pay the tab for a bill they’ve already racked up,” Obama said in his weekly radio address, which aired yesterday. “The last time Congress threatened this course of action, our entire economy suffered for it.”
“Warren Buffett’s always complaining about not paying enough taxes,” McConnell said on NBC, referring to the 82-year-old billionaire chairman and chief executive officer of Berkshire Hathaway Inc. “What I’m complaining about is we’re paying for his Medicare. We ought not to be providing these kinds of benefits for millionaires and billionaires.”