House of Representatives Speaker John Boehner Monday rejected President Barack Obama's $3 trillion plan to cut U.S. deficits, saying it would fail to tackle long-term problems and would raise taxes.

In a statement, Boehner, the top Republican in Congress, said Obama ``has not made a serious contribution'' to the effort by a special bipartisan congressional committee that has been asked to make recommendations to reduce the deficit by $1.2 trillion over 10 years.

Boehner said the Democratic president's proposal fails to tackle the financial problems facing federal health and retirement programs and insists on raising taxes.