McConnell: Tax increases are off the table and I’ll only discuss spending cuts with Obama and congressional Democrats

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Senate Minority Leader Mitch McConnell on Sunday declared taxes to be a done deal and said reduced government spending should be the nation’s top priority.

“We resolved the tax issue now; it’s over, it’s behind us. The biggest problem facing the country is our extensive spending,” the Kentucky Republican told NBC’s ”Meet the Press.”

McConnell outlined his stance just a day after President Barack Obama linked reduced federal spending to higher taxes through tax-code changes. See story on Obama, Republicans resuming budget battle

“Warren Buffett is always complaining about not paying enough taxes; what I am complaining about is paying for his Medicare,” McConnell said in the nationally televised interview.

http://www.marketwatch.com/story/mcconnell-tax-issues-over-spending-cuts-next-2013-01-06

Obama: Close tax loopholes for wealthy

http://www.marketwatch.com/story/obama-gop-gear-up-for-more-fiscal-battles-2013-01-05

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