House Speaker John Boehner says President Obama's proposed plan to avoid the fiscal cliff 'is not serious'
POSTED: Friday, November 30, 2012 - 7:45pm
UPDATED: Friday, November 30, 2012 - 7:49pm
NBC NATIONAL NEWS — With America on the verge of a fiscal cliff that will lead to immediate tax increases, President Obama wants the middle class to speak up.
The president went to Pennsylvania Friday and urged Americans to contact members of Congress and demand a compromise.
Right now, there's no deal in sight.
The president insists Republicans agree to raise taxes on the wealthiest 2-percent of Americans.
Republicans say taxing the rich more will hurt small business owners and lead to more firings.
"Increasing tax rates draws money away from our economy that needs to be invested in our economy to put the American people back to work," argues House Speaker John Boehner.
The finger pointing comes one day after Treasury Secretary Tim Geithner presented a plan to Congressional leaders calling for $1.6 trillion in tax hikes over ten years.
Republicans complained they offered too little in spending cuts.
"We're not playing a game. We're being serious. That offer yesterday was simply not serious," said House Majority Leader Eric Cantor.
The president says he is being serious, and he's urging taxpayers to call their lawmakers and demand a deal.
"I need you to remind members of Congress, Democrats and Republicans to not to get bogged down in a bunch of partisan bickering," Mr. Obama said.
Both sides agree they are far from any compromise.
Congress is scheduled to leave for the holiday break in two weeks, and without a deal income taxes will go up for almost every American on January 1st.