Rep. Hoyer: Bush Tax Cuts Will Be Too Costly

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House Majority Leader Steny Hoyer, D-Md. announced this week that House Democrats would not pass a budget resolution this year.

Hoyer also suggested that tax cuts enacted under former President George W. Bush will eventually be rescinded. He said that it is necessary in order to help pay for the nation's mounting deficit and that permanent tax cuts would be too costly.

"As the House and Senate debate what to do with the expiring Bush tax cuts in the coming weeks, we need to have a serious discussion about their implications for our fiscal outlook, including whether we can afford to permanently extend them before we have a real plan for long-term deficit reduction," Hoyer told a forum on deficit reduction.

House Republicans criticized Hoyer who once said that enacting a budget was, "the most basic responsibility of governing."

"It's now official," Senate Republican Leader Mitch McConnell said Tuesday. "Top Democrats on Capitol Hill are starting to signal their intention to raise taxes on the middle class."

"The majority leader is dead wrong about the future of this country, and what we need to do, right now, to make sure the American dream is alive and well for our kids and grandkids," House Republican Leader John Boehner said.

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