WASHINGTON — Speaker of the House John Boehner waved aside reports on Friday that President Obama would seek a new budget compromise next week, accusing the president of again demanding tax increases in exchange for ‘‘modest entitlement savings.’’
‘‘If the president believes these modest entitlement savings are needed to help shore up these programs, there’s no reason they should be held hostage for more tax hikes,’’ Boehner said. ‘‘That’s no way to lead and move the country forward.’’
At the same time, Obama’s supporters on the left quickly vented their anger about his plans, saying they would not accept changes to Social Security and Medicare that would threaten the programs and harm beneficiaries.
“Evidently the president either does not understand or does not care how critically important Social Security and Medicare are, not just to seniors but to middle-aged and younger workers for whom these programs are likely to be even more crucial,’’ said Eric Kingson, co-chair of the Strengthen Social Security Coalition.
The sharp reaction was a preview of what is likely to come Wednesday when the president formally unveils his annual budget for the fiscal year that begins on Oct. 1.
The New York Times reported on Friday that the document would call for a deal similar to the final compromise offer Obama made to Boehner last year — cuts to entitlement programs in exchange for new revenues from tax increases.
Among those cuts is a change in the way inflation is calculated for Social Security called ‘‘chained’’ Consumer Price Index, or CPI.
, a change Republicans have supported in the past.
Administration officials said the president would only accept such proposals now if Republicans were willing to support increased revenues.
The reaction from both sides also demonstrates how little space there is in Washington for a bipartisan deal when it comes to tax and spending issues.
For the president, the budget proposal appears to be another attempt to test whether Republicans can accept further tax increases under any circumstances.
‘‘It is not the ideal proposal, but the president recognizes, unlike, I guess, Republicans, that we’re not in the business in Washington of getting everything we want,’’ said Jay Carney, the White House press secretary. ‘‘That does not happen.’’