House Republicans reject tax increases as sequester nears

02/21/2013 | New York Times (tiered subscription model), The

Republican leaders in the House of Representatives have dismissed President Barack Obama's call to avert $85 billion of spending cuts set to take effect March 1. The president's plan includes a mix of tax increases and reduced spending. The House is working on a legislative agenda that assumes the deep spending cuts will take effect and will remain unchanged through the end of 2013.

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