The White House on Monday blasted a counteroffer from House Republicans on debt talks as failing to “meet the test of balance.”

The White House said the $2.2 trillion offer of spending cuts, entitlement reforms and $800 billion in new tax revenue “includes nothing new” and was not serious. It also faulted the proposal for lowering tax rates on the wealthy.

“While the president is willing to compromise to get a significant, balanced deal and believes that compromise is readily available to Congress, he is not willing to compromise on the principles of fairness and balance that include asking the wealthiest to pay higher rates,” White House communications Director Dan Pfeiffer said in a statement.