One, I just want to note again that their proposal is not -- this is not an issue where they both put forward the same payroll tax cut the President has put forward, the Democrats have put forward.

WHITEHOUSE: Press Briefing

At the very least, the reports will likely lead to heavy price-cutting that will cut into earnings going forward.

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But we have, in answer to the question of where are your spending cut proposals, it must be a rhetorical question because those who ask it know that we have put forward very specific spending cut proposals.

WHITEHOUSE: Press Briefing