Posted on 12/09/2012 1:17:09 PM PST by Orange1998
Republican Sen. Tom Coburn (R-Okla.) told me Sunday on ABC News' "This Week" that he is willing to accept tax rate increases as a component of a fiscal cliff deal, as long as Democrats put "significant entitlement reform" on the table.
"What we ought to be working on is the other 93 percent, because even if you do what [Obama] wants to do on tax rates, you only affect 7 percent of the deficit," Coburn said. "What we have done is spend ourselves into a hole, and we're not going to raise taxes and borrow money and get out of it."
"And so will I accept a tax increase as a part of a deal to actually solve our problems? Yes," he said.
But his Republican colleague in the House, Rep. Jeb Hensarling (R-Texas), disagreed.
He said that Republicans shouldn't vote for a tax increase which they believe will harm the economy.
"No Republican wants to vote for a rate tax increase," Hensarling said. "I mean, what that is going to do, according to the National Federation of Independent Business that commissioned a study by Ernst & Young, is cost 700,000 Americans to go from having paychecks to unemployment checks."
Hensarling said that President Obama pulled a "bait and switch" on Congressional Republicans by adding a demand for tax rate increases after the election. In 2011 Obama had suggested that $1.2 trillion could be raised by closing loopholes and pursuing tax reform alone, without raising rates.
"The president, again … if he would do what he said before the election, as opposed to the bait-and-switch, what Republicans feel like is a little bit like Charlie Brown running to kick the football and Lucy pulls it away," Hensarling said.
(Excerpt) Read more at news.yahoo.com ...
I've been staggered by the number of Conservatives on this site who feel the big issue is "Can I get what's coming to me? Will Uncle Sam keep sending me the big entitlement check?"
There is no real understanding for where we are or how we got into this mess. They just want what they want. Short-sighted and selfish -- that's America!
I have fought that idea for years. I'm done fighting it. Let's roll.
Soc Securtiy benefits are more than the payments into the system. Recipients are getting somethin fer nothin
....isn’t anyone going to stop this?
Lift a feeble finger?
Verbalize a pathetic squeal?
No?
:(
I guess old people should just die now that they can’t pay 17% of their income to the SS ponzi scheme anymore.
Now that 51% of the electorate is being bought, it’s over.
I’m an elderly conservative....and I take exception to your post.
No all “old” conservatives feel the same.
No all “old” conservatives wish to cash out before cashing out.
I still work every day and make a living strong enough to not need social security, pay my taxes, and continue to pay in to social security.
I give a damn about the future of this country and it is time for younger people to understand that. We fought and died to make this country great....and many of us are not ready to give up or give in.
go learn about how the pay ins vs payouts are structured before you call anyone an idiot
learn. ignorance isn’t pretty, especially when coupled with arrogance
The handwriting is on the wall. Once again, the (R)s will accept REAL tax hikes NOW, in exchange for vague promises of spending reduction and entitlement reform “discussions” “over the next decade”.
go learn about how the pay ins vs payouts are structured before you call anyone an idiot
learn. ignorance isn’t pretty, especially when coupled with arrogance
go learn about how the pay ins vs payouts are structured before you call anyone an idiot
learn. ignorance isn’t pretty, especially when coupled with arrogance
Recipients re getting something for nothing???????
They paid in and fought and dies for the country.
et tu Brutus?
And I am willing to accept no more GOP.
How old are you?
I started mowing lawns at 10 years old, for 50 cents a pop. My first `real job’ was cleaning grocery carts and breaking down boxes at a supermarket, at age 15.
If they want to refund me the value of everything I paid into those programs, with over forty years of interest, sure.
Otherwise, ditto what you said, cannoncocker—those who say we old farts should just `write it all off’ so their children can have that money (that isn’t there anyway), well, they can go s*** in their hats.
You don't believe that, do you?
Please tell me you don't believe that.
Republican politicians are fools not to point out the
hard truth about Democrat tax increases. And, that truth
is that the Democrats know that the big money lies in
the hands of the middle class but until the upper class
has been tapped out, the middle class will not accept
a tax increase. Once the tax has been increased on the
wealthy the road is clear to raise middle class taxes.
Why is it that Obama wants a tax rate increase rather
than a closure of “loopholes” on the wealthy to ac-
complish the same thing? I believe that a tax rate
increase on the rich makes for a much more effective
visual to sell to the middle class when the Democrats
come after them. And, why is it that we seldom hear
Republicans talk about growing the economy as the best
way to increase revenues? They’re just a bunch of fools.
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