House Speaker John Boehner (R-Ohio) said Tuesday that President Obama has shown no real interest in avoiding the "fiscal cliff" and needs to offer the GOP something new.
In a Bloomberg TV interview Tuesday, President Obama called the House Republican fiscal cliff proposal "out of balance." Boehner responded by asking for a new counter-proposal.
"If the President really wants to avoid sending the economy over the fiscal cliff, he has done nothing to demonstrate it," the House Republican leader said in a statement. "With our latest offer we have demonstrated there is a middle ground solution that can cut spending and bring in revenue without hurting American small businesses. The President now has an obligation to respond with a proposal that does the same and can pass both chambers of Congress."
In the Bloomberg interview, Obama said the Republicans' proposal to raise $800 billion in new tax revenue by closing some loopholes and eliminating some deductions was not enough.
Conservatives, meanwhile, have attacked the GOP plan, saying it raises too much revenue while not cutting enough spending.
Obama's initial proposal, which calls for $1.6 trillion in new taxes, $50 billion in fresh spending, was laughed off by Republicans as ludicrous.
Republicans have whispered for weeks that Democrats and the White House secretly want to go over the fiscal cliff. Polling suggests that if the year ends with no deal and austerity measures kick in, the GOP would bear the brunt of the blame.
But beyond the posturing there are real signs of progress in the ongoing negotiations.