Obama Pushes More Taxes in Budget Cuts Deal

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WASHINGTON -- President Obama is pushing congressional Republicans to accept more taxes as part of a deal to avoid $85 billion in across-the-board budget cuts.

On March 1, federal spending will be slashed across the board unless Congress and the president work out a deal to make more careful cuts to reduce deficit.

But lawmakers on each end of Pennsylvania Ave. have different ideas about how to achieve savings.

America's beloved first responders are the kind of workers in danger of losing their jobs if about $1 trillion worth of arbitrary budget cuts, known as the sequester, are allowed to take effect.

"Border Patrol agents will see their hours reduced. . . FBI agents will be furloughed," President Obama said Tuesday.

Is there any sign of a compromise? Seton Motley, president of Less Government, has more following this report.

The president warned that tens of thousands of parents will have to scramble to find child care for their kids.

By digging in ahead of the looming deadline, President Obama suggested members of Congress are behaving as butchers.

"Now, if Congress allows this meat-cleaver approach to take place, it will jeopardize our military readiness; it will eviscerate job-creating investments in education and energy and medical research," Obama said.

Many leaders warn the automatic cuts are severe for the nation's fragile economy to withstand. How to avoid it is purely political.

Controversy over the so-called sequester cuts is about one thing: taxes. President Obama wants House Republicans to raise them, but GOP lawmakers say the president already got the tax increases during negotiations over the fiscal cliff.

Now they say it's time to focus on spending cuts. Instead Republicans propose cutting government spending and eliminating loopholes and subsidies in the tax code.

Democrats want to raise money by closing tax loopholes on some businesses, like the oil and gas industries.They also want to tax millionaires at a rate of at least 30 percent.

But Speaker of the House John Boehner said the debate over more tax dollars for Washington to spend is over.

Congress won't be back in session until next week, only days before the spending cuts are scheduled to take effect.

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