Reid: Joint Committee Must Include Taxes Or Trigger Will Kick In

Real Clear Politics ^ | 8/2/2011

[GreaterSwiss]

"We've had too much talk the last few days of Republicans as early as this morning, Republican leaders in the Senate saying there will be no revenue. That's not going to happen. Otherwise, the trigger is going to kick in. The only way we can arrive at a fair arrangement for the American people with this joint committee is to have equal sharing. It's going to be painful. Each party if they do the right thing, it's going to be painful for them because to be fair, we have to move forward. There has to be equal spending cuts, there has to be some revenue that matches that," Sen. Harry Reid (D-NV) said on the floor of the Senate right before voting started on the debt deal. Increased revenue from taxes was not included in the debt compromise.

[Soul Seeker]

VICTORY!!!

[library user]

Batten down the hatches.

[cardinal4]

Arguably the most loathsome person on the planet..

[CincyRichieRich]

I have no words. None.

[MNJohnnie]

Apparently Harry did not read his own bill.

[ken21]

now the truth comes out.

[ScottinVA]

He’s actually right. The Bush tax relief sunset was factored into the figures in this bill. If they’re not renewed, the taxes will markedly increase. If they are renewed, then — by CBO’s calculations — that will create a $5T hole that will need to be filled. And (correct me if I’m wrong here) if the Gang of 12 doesn’t agree on a budget-cutting remedy, tax hikes will occur as a result of a “trigger.”

Wow... some victory for the Tea Party.

Thanks, Republican “leadership.” Get bent, the lot of you.

[dfwgator]

The Republicans get played, again.

[sickoflibs]

Obama really rolled Republicans: tax increases or cuts in defense. Nice choice.

[Siegfried X]

There are no automatic taxes increases. That is just their smoke and mirrors calculation.

[dfwgator]

“We have to pass the bill to see what’s in it.”

[OB1kNOb]

I have no words. None.

I have plenty, but none said that will keep me from getting a timeout here on FR.

[MNJohnnie]

Factually incorrect.

People really need to learn what is in this bill.

http://keithhennessey.com/2011/08/01/bca-summary/

[TSgt]

It’s a tossup between Reid, Pelosi and Obama but Reid often leads the others as the scum I hate the most.

He drips with corruption...

[RockinRight]

Why do they assume tax increases will result in higher revenue?

[eeevil conservative]

Maybe you should look closer and learn about this bill...

all you need is for the committee NOT to agree- and the left wins BIG!

[eeevil conservative]

Let me correct my last post—

The left wins BIGGER!!!

[NormsRevenge]

Rat bastards!

[y6162]

Call their bluff.

If the lizard wants to run on cutting defense, let’s rock.