Author Topic: Sen. Graham: Republicans Should Accept Tax Revenue Increase (Read 2817 times)

dandi · « **on:** July 14, 2011, 02:21:28 PM »

Sen. Graham: Republicans Should Accept Tax Revenue Increase

July 13, 2011 4:59 AM

ABC News' Jonathan Karl and Gregory Simmons report:

Senator Graham said Republicans should be willing to accept a deal that curbs entitlement spending and increases tax revenues by closing loopholes.

â€œTo me, that makes sense,â€ he said. â€œThat way you don't raise tax rates, but you do generate new revenue by closing loopholes. You're giving money away to a few people at the expense of many, and I think it's time to reevaluate that.â€

The obvious solution, Graham said, is for Republicans to give some ground on taxes and for Democrats to give some ground on entitlements. But he doubts negotiators will get there before August 2nd.

â€œHow to get there from here?â€ Graham said. â€œPresident says heâ€™s not going to do a short term extension. [Republicans] are saying we arenâ€™t going to generate any new revenue. [Democrats] are saying they arenâ€™t going to do it without revenue. Well, somebodyâ€™s got to blink.â€

Graham may be right. Even as the Congressional leaders met Tuesday at the White House, key players in both parties said the debt ceiling talks had reached an impasse over irreconcilable differences on both taxes and spending.

Graham said closing tax loopholes and eliminating almost all deductions could both lower tax rates and generate significant revenue to reduce annual deficits.

â€œYou're giving money away to a few people at the expense of many, and I think it's time to reevaluate that,â€ Graham said. â€œIf you did away with all deductions and exemptions except charitable giving and the mortgage interest, that's $1.2 trillion that's spent every year.â€

While not surprised, I am still at a loss for words...

Wineslob · « **Reply #1 on:** July 14, 2011, 02:28:23 PM »

Dear Sen Graham.........................

DumbAss Tanker · « **Reply #2 on:** July 14, 2011, 02:57:19 PM »

I'm sure his definition of a "Loophole" does not include any credit or exemption he or any enterprise of his own is currently using.

THA HOUSTON PIMP IS IN DA HOUZ! · « **Reply #3 on:** July 14, 2011, 03:03:09 PM »

shaddup RINO.

JohnnyReb · « **Reply #4 on:** July 14, 2011, 03:08:07 PM »

Quote from: Wineslob on July 14, 2011, 02:28:23 PM

Dear Sen Graham.........................

Why are you being so nice to Sen. Graham?

thundley4 · « **Reply #5 on:** July 14, 2011, 03:08:13 PM »

Close tax loopholes and lower the tax rates and cut entitlements. I could go for that.

Eupher · « **Reply #6 on:** July 14, 2011, 03:12:39 PM »

First McConnell and now this asshole.

With friends like these two, who needs Dems?

rich_t · « **Reply #7 on:** July 14, 2011, 03:19:59 PM »

Sen. Graham can go eat shit and bark at the moon.

Freeper · « **Reply #8 on:** July 14, 2011, 03:56:52 PM »

Quote from: thundley4 on July 14, 2011, 03:08:13 PM

Close tax loopholes and lower the tax rates and cut entitlements. I could go for that.

If I'm not mistaken, that is part of Ryan's plan.

dandi · « **Reply #9 on:** July 14, 2011, 04:14:45 PM »

Quote from: rich_t on July 14, 2011, 03:19:59 PM

Sen. Graham can go eat shit and bark at the moon.

I agree completely.

DumbAss Tanker · « **Reply #10 on:** July 14, 2011, 04:16:09 PM »

Quote from: thundley4 on July 14, 2011, 03:08:13 PM

Close tax loopholes and lower the tax rates and cut entitlements. I could go for that.

Fine with me if that's what really happens, but "Loophole" is a term everyone uses for something they aren't getting any advantage from themselves, and not much beyond that. As far as I'm concerned, Earned Income Credit is a loophole, but I doubt if any Democrats would find it so.

thundley4 · « **Reply #11 on:** July 14, 2011, 04:19:43 PM »

Quote from: DumbAss Tanker on July 14, 2011, 04:16:09 PM

Fine with me if that's what really happens, but "Loophole" is a term everyone uses for something they aren't getting any advantage from themselves, and not much beyond that. As far as I'm concerned, Earned Income Credit is a loophole, but I doubt if any Democrats would find it so.

That ain't a loophole, that's a flat out bribe for votes. I don't believe there are any loopholes since most were designed to benefit some constituency or donor of one or both parties.

DefiantSix · « **Reply #12 on:** July 14, 2011, 04:22:50 PM »

Quote from: rich_t on July 14, 2011, 03:19:59 PM

Sen. Graham can go eat shit and bark at the moon.

Couldn't we offer this clown as a sacrifice to Dead Ted's ghost or something?

rich_t · « **Reply #13 on:** July 14, 2011, 04:24:27 PM »

Quote from: DumbAss Tanker on July 14, 2011, 04:16:09 PM

Fine with me if that's what really happens, but "Loophole" is a term everyone uses for something they aren't getting any advantage from themselves, and not much beyond that. As far as I'm concerned, Earned Income Credit is a loophole, but I doubt if any Democrats would find it so.

I would eliminate the EIC in a heartbeat if it were up to me. If you can't afford kids, don't have them.

THA HOUSTON PIMP IS IN DA HOUZ! · « **Reply #14 on:** July 14, 2011, 04:29:52 PM »

Quote from: DumbAss Tanker on July 14, 2011, 04:16:09 PM

Fine with me if that's what really happens, but "Loophole" is a term everyone uses for something they aren't getting any advantage from themselves, and not much beyond that. As far as I'm concerned, Earned Income Credit is a loophole, but I doubt if any Democrats would find it so.

Bingo, that's what Rush was saying recently. And the 40+ % of Americans who don't pay ANY income taxes. THAT'S a loophole.

I wish Boehner would communicate this hypocrisy.

And Lindsey Gr-Amnesty NEEDS to stop using this s.o.p. of the Left to connect "loophole" with so called evil Big Oil/Pharma or those evil rich people making over 250K.

grrrrrrrrrrr

cavegal · « **Reply #15 on:** July 14, 2011, 04:35:12 PM »

That's for you Lindsey! How about you forfeit your pay for a few weeks? STOP SPENDING MONEY!

Chris_ · « **Reply #16 on:** July 14, 2011, 04:44:14 PM »

Quote from: THA HOUSTON PIMP IS IN DA HOUZ! on July 14, 2011, 04:29:52 PM

Bingo, that's what Rush was saying recently. And the 40+ % of Americans who don't pay ANY income taxes. THAT'S a loophole.

If everybody was made to pay taxes regardless of their economic status, maybe it might occur to them that it's not exactly "free" when it comes from the government.

rich_t · « **Reply #17 on:** July 14, 2011, 05:05:41 PM »

Quote from: chris_ on July 14, 2011, 04:44:14 PM

If everybody was made to pay taxes regardless of their economic status, maybe it might occur to them that it's not exactly "free" when it comes from the government.

Bingo

Janice · « **Reply #18 on:** July 14, 2011, 06:43:07 PM »

So according to Miss Lindsey, everything will be fine as long as we bend over once again and grab our ankles?

DumbAss Tanker · « **Reply #19 on:** July 14, 2011, 07:10:35 PM »

My gaydar starts going off like a screaming Katyusha rocket salvo every time that slimy bastard opens his mouth.

JohnnyReb · « **Reply #20 on:** July 14, 2011, 07:22:38 PM »

Quote from: DumbAss Tanker on July 14, 2011, 07:10:35 PM

My gaydar starts going off like a screaming Katyusha rocket salvo every time that slimy bastard opens his mouth.

Well, my gaydar is an older model and I never used it much so... I voted for the S.O.B. ...TWICE!!!!!!...but never again.

News:

Author Topic: Sen. Graham: Republicans Should Accept Tax Revenue Increase (Read 2817 times)