Despite entitlement reform proposals intended to serve as a bargaining chip with Republicans, President Obama's 2014 budget is dead on arrival in the House, with GOP lawmakers complaining at several congressional hearings Thursday that it would raise tax revenues, increase spending, and do little to advance real tax reform.
"I'm disappointed by the President's proposal — because it's a status quo budget," House Budget Committee chairman Rep. Paul Ryan, R-Wis., told Jeffrey Zients, deputy director of the Office of Management and Budget at a hearing on Obama's budget. "It doesn't break any new ground; it just goes over old ground. It raises taxes by $1.1 trillion. It increases spending by nearly $1 trillion. And it adds $8.2 trillion to our debt. In short, it takes more from families to spend more in Washington."