September 19, 2011 / 3:32 PM / 8 years ago

Top Senate Republican slams Obama deficit plan

Senate Minority Leader Mitch McConnell (R-KY) listens to questions from reporters about the Senate's passage of debt ceiling legislation at the U.S. Capitol in Washington August 2, 2011. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - President Barack Obama’s call for $3 trillion in new government savings, through a mix of tax increases and spending cuts, was dismissed by Senate Republican Leader Mitch McConnell on Monday.

“A massive tax hike, phantom savings, and punting on entitlement reform is not a recipe for economic or job growth-or even meaningful deficit reduction,” McConnell said in a statement.

Reporting by Richard Cowan; Editing by Will Dunham

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