The Conservative Cave
Current Events => Politics => Topic started by: megimoo on October 01, 2011, 08:56:20 PM
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- Democrats want tax hikes to be the first item negotiated in "s" deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year's budget fights, sources told Reuters......During the super committee's initial closed-door meetings, "Republicans wanted to just talk about spending cuts and Democrats said, 'No,'" the aide said.
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.
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.
Democrats' calls for increasing taxes on the rich may have been bolstered by a new Congressional Research Service analysis. The September 23 report obtained by Reuters concluded that letting decade-old tax cuts for the wealthy expire at the end of next year as scheduled "could help reduce budget deficits in the short term without stifling the economic recovery."
Discussing taxes first would also be a switch from the negotiating tactics employed in earlier talks.
http://www.reuters.com/article/2011/10/01/us-usa-debt-supercommittee-idUSTRE78T5QE20111001
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Those frelling DemonRats on the super committee will be satisfied with with an impasse. If they don't reach an agreement, then specified cuts will happen, with the military bearing the brunt of the cuts.
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"I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes." -Barack Obama, Dover, NH, September 12, 2008
And we've already seen that's bullshit.
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shocker
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Democrat politicians answer to everything, "Raise taxes...uh...what was the question again?.....oh, It really doesn't matter, we need to raise taxes."