Speaker John Boehner (R-Ohio) on Thursday rejected a White House offer to avoid the “fiscal cliff” that would include $1.6 trillion in tax increases, $400 billion in spending cuts and a more permanent increase in the debt ceiling, Republican aides said.

Aides said the offer was made by Treasury Secretary Timothy Geithner and Rob Nabors, a top White House adviser, during their meeting with Republican leaders in the Capitol.

While the Obama administration described the offer as reducing the deficit by $4 trillion over 10 years, Republicans told The Hill its tax increases amount to $600 billion more than what the Democratic-led Senate passed earlier this year when it approved legislation that would allow tax rates on top earners to rise.