Republicans Introduce Plan, Go On Offensive

Published July 12, 2011 6:00pm ET



Senate Republicans mounted a bold offensive today against President Obama’s effort to force them to accept a tax hike as part of a bipartisan agreement to raise the debt limit.

The Republican plan would, in effect, end the talks at the White House on a deal. Obama has deftly exploited the talks to portray Republicans as willing to risk a government default on its debts rather than accede to a tax increase of $1 trillion or more.

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