For instance, House Speaker John Boehner said the Democratic proposal for $1.3 trillion in tax increases was similar to the tax increases in President Barack Obama's budget, which no Senate Democrat or Republican voted for when that chamber considered it several months ago.
House Minority Leader Nancy Pelosi countered that the Republican plan for $1.5 trillion in cuts and no tax increases was “not enough” because it lacked both tax increases and Obama's $447 billion jobs bill.
Both leaders appeared open to the inclusion of savings from Medicare and Medicaid. Pelosi said there were “no sacred cows” immune to cuts from the panel charged with finding at least $1.2 trillion in 10-year deficit reductions. Ultimately, Boehner said, the deficit reduction in the panel's final proposal would come from the thee large entitlement plans, and he explicitly called for savings from Medicaid, which he noted is projected to cost the federal government more than $10 trillion over the coming 10 years.