Hoyer rejects 85:15 spending cuts

Updated
 

In an exclusive interview with Chris Hayes on The Last Word, Minority Whip Steny Hoyer rejected the 85:15 spending cuts/revenue increases ratio reportedly on the table.

“I believe the Bowles-Simpson commission gave an excellent report — that doesn’t mean that I agree with everything they had in there, nor did they expect everybody to agree to it. But they had about a 2.5 to 1 spending cuts to revenues ratio,” said Hoyer on the show. “They believed, in a bipartisan fashion, that was a reasonable ratio; 15 to 85 is not a reasonable ratio because what it means is the wealthiest people in America are getting a big tax break and the most vulnerable people in America are being asked to pay the bill. That is not an American value, that is not the values we share, and it’s not a program we would support.”

Hoyer met with President Obama and a small group of negotiators at the White House today. Watch the video for more on his insider update.

Debt, Budget and Barack Obama

Hoyer rejects 85:15 spending cuts

Updated