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Title: Exclusive: Democrats push tax hikes first in deficit talks Post by: Coach Hank Crisp on October 02, 2011, 04:48:33 PM http://www.reuters.com/article/2011/10/01/us-usa-debt-supercommittee-idUSTRE78T5QE20111001
Quote (Reuters) - Democrats want tax hikes to be the first item negotiated in "super committee" deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year's budget fights, sources told Reuters. The tough stance by Democratic members of the powerful 12-member congressional panel reflects the party's wariness that Republicans might try to sideline the issue of revenue increases in the negotiations. "They've raised the idea of doing taxes first," a Republican aide involved in the discussions said on Friday on condition of anonymity. The panel has the task of finding ways of cutting the deficit by at least $1.2 trillion over 10 years. If it fails to agree on a plan by November 23, automatic spending cuts will be triggered, beginning in 2013. If Democrats hold firm to their demand for taxes to be discussed first, that could make it hard for the committee to make the tight November deadline. Congress is due to vote on the panel's recommendations by December 23. Another congressional aide, who also did not want to be identified, confirmed that among Democrats, "there is an effort to try to discuss revenues" now. During the super committee's initial closed-door meetings, "Republicans wanted to just talk about spending cuts and Democrats said, 'No,'" the aide said. Republicans strongly oppose tax hikes, arguing they will hurt an anemic economic recovery. But they have not ruled out closing some tax loopholes as part of tax reform. Democrats, including President Barack Obama, insist revenue increases must be part of any deficit reduction deal. Title: Re: Exclusive: Democrats push tax hikes first in deficit talks Post by: window licker on October 02, 2011, 08:55:23 PM more evidence of why that whole debt debate/deal was a scam. not only can they not agree what to cut to meet the terms of the deal; THEY CAN'T EVEN AGREE WHERE TO START trying to meet the terms of the deal.
why americans continue to put up with the garbage that has become congress is beyond me. Title: Re: Exclusive: Democrats push tax hikes first in deficit talks Post by: Coach Hank Crisp on October 02, 2011, 10:33:40 PM more evidence of why that whole debt debate/deal was a scam. not only can they not agree what to cut to meet the terms of the deal; THEY CAN'T EVEN AGREE WHERE TO START trying to meet the terms of the deal. why americans continue to put up with the garbage that has become congress is beyond me. So true. Congress has no iintentions of cutting the deficit. Title: Re: Exclusive: Democrats push tax hikes first in deficit talks Post by: ricky023 on October 03, 2011, 10:39:24 AM I am red all over, but why blame the Demo on this? I think we need tax cuts and make them more equal for all. Like they say if we can cut taxes and make them equal we can turn our Debt around because we should build more American Plants and quit buying overseas. Make us build and buy American. I am sorry this is not meant to be a hater toward anyone but we need to establish our on selves first. RTR!
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