NEW : A $ 110 billion proposal by Senate Democrats , which is similar to a plan by House Democrats , would replace the forced spending cuts for a year by getting more tax revenue from millionaires , stopping some agriculture subsidies and cutting military spending after the end of combat operations in Afghanistan in 2014 . Boehner says opposing higher taxes on the wealthy is what `` binds '' the House . Forced spending cuts will harm the economy and national security , both sides agree . President Obama says Democratic refuse to compromise . GOP Speaker Obama rejects Democratic demands for more revenue as a solution .
NEW : Boehner says opposing higher taxes on the wealthy is what `` binds '' the House . Forced spending cuts will harm the economy and national security , both sides agree . President Obama says Democratic refuse to compromise . GOP Speaker Obama rejects Democratic demands for more revenue as a solution .