To: FReepers; everyone; All
Posted on 11/14/2011 4:54:01 PM PST by Jeff Chandler
WASHINGTON (AP) - Sidestepping controversy, House Majority Leader Eric Cantor, R-Va., declined to take sides Monday on a proposal for higher taxes backed by fellow Republicans on Congress' supercommittee, yet expressed confidence the panel would agree on a deficit-reduction plan of at least $1.2 trillion by a Nov. 23 deadline.
A proposal for $300 billion in higher taxes has stirred grumbling within the ranks of congressional Republicans, for whom opposition to such measures has been political bedrock for more than two decades.
One prominent conservative, Rep. Jim Jordan of Ohio, said in a published commentary during the day that "our economy will have an even tougher time catching its balance if Washington" raises taxes.
Separately, officials said that Sen. Pat Toomey, R-Pa., who outlined the plan last week in a closed-door meeting of four Republicans and three Democrats, has encountered criticism from fellow conservatives despite strong credentials as an opponent of higher taxes. " There's been a little bit, but it's been pretty muted," his spokeswoman, Nachama Soloveichik, said of the response.
(Excerpt) Read more at breitbart.com ...
BOHICA
Republicans will lose big in 2012 because of this.
[Credit Hugh Hewitt for bringing this to my attention.]
TEA!!!
Rick Santorum on the Hugh Hewitt Show called it a "Read my lips" moment.
I still want to see the cancellation of that idiotic shrimp treadmill program before someone say they need to raise my taxes.
This was an un-Constitutional save-face effort that is already agreed to before it even started.
So we had four years of a Nancy Pelosi majority in the House, including the last two with super majorities in both houses and a liberal president. They didn’t even float the idea of not renewing the Tax rates of 10 years ago. They were afraid of the political impact of raising taxes.
Conservatives take control in a massive takeover, and voila, 300 billion in new taxes.
They should do a 10 year 10% tax on expatriated assets and the rest in cuts. There is yout 1.2 trillion.
That is a tax cut that generates revenue.
Oops expatriated should be repatriated
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