Bait and Switch: In Face of Fiscal Cliff, Obama Demands Spending Boost for 2013
President Barack Obama smashed a completed fiscal-cliff deal with a last-minute demand for increased spending in 2013, according to an e-mail from the GOP’s Senate leader, Mitch McConnell.
Under the deal, planned tax increases on middle-class Americans would be cancelled, but Obama insisted on raising tax rates on Americans earning more than $400,000 per year.
“They’re holding that [deal] hostage” to boost 2013 spending, GOP Sen. Bob Corker said shortly after Obama lauded the pending agreement.
“The tax piece is complete and done as of last evening at 1:45 a.m. I thought the entire deal was sealed. Early this morning, the White House called demanding that we also turn off the sequester,” said the email, signed “Mitch.”
The sequester refers to scheduled cuts in spending during the first nine months of 2013. Half of the $109 billion in cuts are to be imposed on the Pentagon.
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