No, I didn't transcribe that wrong. Boehner is proposing cutting taxes by twice what he will cut in spending. This represents exactly what is wrong with the Republican party - they buy into the myth that tax cuts are magical, will restore the economy, and the increased income will trickle down to everyone else (and by "everyone else," I mean the bottom 99% of income earners). In reality, the tax cuts haven't done anything except explode the deficit, have failed to stimulate a stagnant economy, and in the era of Friedman economics, have caused the greatest income disparity seen since before the Great Depression.
This is just more evidence to support the fact that the Republican party is just the Corporate Party of America, and they're bought and paid for by Big Business. The sad part is, they've convinced at least half of America that these terrible ideas are actually going to work.