Congress and the Executive Branch do not have a Revenue problem. They have a SPENDING problem. I would hope the Speaker would know that and do more to cut the spending.
Seventy-five percent of the new revenue pulled in by President Barack Obama’s “fiscal cliff” plan would go toward new spending, not toward deficit reduction, the Republican side of the Senate Budget Committee contends. Here’s a chart, detailing how money from the new tax hikes would be distributed(read more)