White House adviser David Plouffe told ABC News that despite
Republican warnings that the tax debate is over, President Obama would
not accept a budget deal without additional revenue.
Said Plouffe: “We are goiing to require some more revenues. John Boehner himself said he thought there was $800 billion in revenue from closing loopholes. We’ve dealt with the tax rate issue. Now it’s about loopholes.”
Sen. Chuck Schumer (D-NY) had the same message on Meet the Press: “We’re going to do a
budget this year, and it’s going to have revenues in it. And our
Republican colleagues better get used to that fact.”