U.S. Rep. Chuck Fleischmann, R-Tenn., denounced President Obama's deficit reduction plan today, calling his plan to raise taxes by $1.5 trillion over the next decade "unacceptable."
"There is one thing you can always count on from President Obama: a new day, a new tax increase," Fleischmann said in a statement after Obama released his deficit-cutting plan. "Last week he proposed a new tax to pay for his jobs plan, and this week he is proposing a new tax to pay for his deficit plan. This President has not met a tax increase he did not like."
Obama's plan would end Bush-era tax cuts for top earners and would limit their deductions.
"It's only right we ask everyone to pay their fair share," Obama said from the Rose Garden at the White House.