Speaker John Boehner (R-Ohio) on Tuesday vowed to only raise the debt ceiling if President Obama and Democrats agree to an greater amount of spending cuts and entitlement reforms.

Boehner also promised that no tax hikes would be a part of the package, and laid out plans for a fast-track process to guarantee tax reform would take place in 2013.

“This will give Congress time to work on broad-based tax reform that lowers rates for individuals and businesses while closing deductions, credits, and special carve-outs,” Boehner said.

Boehner made the remarks in a politically charged address at the Peterson Institute in Washington on a day where the debate over the nation’s fiscal health dominated D.C.