Posted on 07/03/2011 7:30:30 PM PDT by TigerLikesRooster
July 3, 2011
2 Republicans Open Door to Increases in Revenue
By JOHN M. BRODER
WASHINGTON — Two senior Republicans said Sunday that they might be open to raising new government revenue as part of a deal to resolve the dispute over the federal debt ceiling, but they warned that there was little time to enact a comprehensive deal.
One of the senators, John Cornyn of Texas, said he would consider eliminating some tax breaks and corporate subsidies in the context of changes in the tax code, provided there was not an overall increase in taxes.
“I think it’s clear that the Republicans are opposed to any tax hikes, particularly during a fragile economic recovery,” Mr. Cornyn said on “Fox News Sunday.” “Now, do we believe tax reform is necessary? I would say absolutely.”
But he insisted that any changes in taxes be “revenue neutral,” meaning that the government would not take in any more money from individuals or businesses than it does now.
(Excerpt) Read more at nytimes.com ...
I saw Senator Cornyn and he said Tax Reform was necessary, and that if overall rates were reduced, then current special deductions and credits could also be reduced to produce a revenue neutral result on a static scoring. He added that there wasn’t time to do this in the Debt Ceiling bill, so tax increases were off the table.
John Cornyn has turned out to be such a RINO pr**k. I can’t wait to vote against him.
Are these turkeys still protecting McCain? Why make the reader wait until the fifth paragraph to find out who the second RINO is? The writer could’ve made this plain in the first sentence.
I guess those two don’t like being in office.
I hate RINOs.
I loathe RINOs.
I despise RINOs.
I f*rt in their general direction.
The Keating Five bank swindler to the rescue!
I hate euphemisms!
If they believe this, they should come out and say: “I will consider raising taxes.”
This newspeak crap really, really, gets on my nuts!
Matthew 5:37
King James Version
37 But let your communication be, Yea, yea; Nay, nay: for whatsoever is more than these cometh of evil.
I want elected officials who say what they mean and mean what they say. Enough of this double talk.
The President who did the most to close tax loopholes was none other than Ronald Reagan, in 1986. It’s a winning GOP strategy to call the Dems’ bluff and end special tax breaks in exchange for lower tax rates.
Cornyn has to know that corporations do not pay taxes, they pass them on to the consumer as a cost of doing business. He is just jumping on the Obama bandwagon and picking on the easy target, like a good little RINO.
Absolutely correct, that makes at least two of us. I hope he has a strong primary opponent, but won’t count on it.
What in the hell is wrong with these Republicans? Victory is being handed to them on a gold platter, yet they are willing to throw all that away just so they can taste defeat instead. If the Republicans do nothing, we get $1.6 trillion cut in spending. If the Republicans work out a deal with the Democrats, they would be lucky to get 1% of that, and they ensure that they lose their jobs next election. It's a no-brainer, yet these Republicans aren't even that smart.
Matthew 5:37 “ But let your communication be, Yea, yea; Nay, nay: for whatsoever is more than these cometh of evil.”
Matthew is clear as crystal. Thanks.
Cornyn spends most of his time in recent years on the wrong side of issues and high tailing it to compromises with the socialists. With all the attributes of a paper tiger he is one toothless conservative who needs to be gone. He sold out conservatism for the Senatorial Campaign Chair. It shows.
Think the writer could be related to David Broder?
It sounds like Cornyn the Cunning /s wants the rate of taxation lowered, and no taxes raised on individuals or business enterprise. ( I didn’t read past the posted exerpt ). This is okay?
Still, no one is impressed with Cornyn representing our side. He is such a neutralizer that nothing ever gets going.
Except his resume, of course.
These guys are a big pile of fail. The deficit is going to be 1.4 to 1.6 trillion dollars in FY 2011. The national debt is close to 100 of the GDP, and they want to change the tax code to raise pennies.
Then the left will rejoice thinking these trivial changes in the tax code will solve all the budget problems.
It is very simple.
McCain is a super liberal politician. He is only a conservative during an election year.
He cares more about his standing among D.C. crowds, one inbred bunch of losers cut off from the rest of the country.
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