One year ago, Barack Obama backed a budget solution that would not "hike" tax rates. Now, the President rejects this plan, an apparent flip-flop only ABC's Jake Tapper reported. House Speaker John Boehner has proposed a plan that increases revenues though the closing of loopholes and the elimination of deductions.
On Wednesday's Good Morning America, Tapper reminded that "what the Republicans are offering sounds a lot like what the President wanted during last year's budget showdown." He then played a 2011 clip of Obama requesting, "Give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates by eliminating loopholes, eliminating some deductions." [See video below. MP3 audio here.] CBS This Morning and NBC's Today both ignored this quote.