The White House responded Monday afternoon to Senate Minority Leader Mitch McConnell's (R-KY) recent contentions that the tax issue is "finished" after the fiscal cliff agreement.
"No," spokesman Jay Carney said during his press briefing. "We believe any further deficit reduction, which there must be in the president's view, must be pursued with the same balanced approach the president has insisted on up to now."
He said new revenues are still necessary and that President Obama still supports tax reform.
"There are loopholes that are crying out to be closed," Carney said.