GOP of­fers its ‘cliff’ an­swer

Repub­li­cans say huge spend­ing cuts, tax re­form will plug gap.

Austin American-Statesman - - FRONT PAGE - By Jonathan Weis­man

WASHINGTON — Repub­li­can con­gres­sional lead­ers Mon­day coun­tered Pres­i­dent Barack Obama’s de­fl­cit re­duc­tion pro­posal with a plan of their own that is far heav­ier on spend­ing cuts but em­braces $800 bil­lion in in­creased rev­enue over the next 10 years.

The counter offier rep­re­sented an ac­knowl­edg­ment by Repub­li­cans that they had to is­sue their own pro­posal to head offi around $600 bil­lion in au­to­matic tax in­creases and spend­ing cuts next year, a flscal com­bi­na­tion that could send the econ­omy back into re­ces­sion.

They said their ap­proach was a move to­ward the cen­ter rather than stick­ing to a po­si­tion es­tab­lished last year with the pas­sage of the House Repub­li­can bud­get, which

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