So here is the republican response. Cantor sends a memo to republicans:

“Over the next several months, there will be tremendous pressure on Congress to prove that S&P’s analysis of the inability of the political parties to bridge our differences is wrong,” Cantor wrote in a memo Monday to House Republicans. “In short, there will be pressure to compromise on tax increases. We will be told that there is no other way forward. I respectfully disagree.”

In a statement issued shortly after Cantor’s memo, Boehner reiterated the GOP’s opposition to tax increases.

“Providing economic certainty and creating an environment in which businesses can invest and jobs can flourish must remain our number-one focus. That’s why raising taxes is simply the wrong approach,” Boehner said.

thehill.com