Senate Democrats

McConnell vs. Cantor On Debt Limit Strategy

YOU WON’T BELIEVE WHO IS SUDDENLY THE VOICE OF REASON

POLITICO: “GOP SPLIT OVER DEBT STRATEGY”

McConnell vs. Cantor On Debt Limit Strategy

McConnell Proposes:

McConnell Proposed Short Term Debt Ceiling Hike. McConnell said, “The president and the vice president, everybody knows you have to tackle entitlement reform.  If we can’t do that, then we’ll probably end up with a very short-term proposal over, you know, a few months, and we’ll be back having the same discussion again in the fall.”  [Face the Nation, 6/22/11]

Cantor Smacks Down:

Cantor “Pushed Back Hard” On Notion of Short Term Debt Limit Increase. House Majority Leader Eric Cantor pushed back hard Tuesday against Senate Republican suggestions of a scaled-back, short-term debt deal, saying it’s ‘crunch time’ in White House budget talks and ‘if we can’t make the tough decisions now, why … would [we] be making those tough decisions later.  I don’t see how multiple votes on a debt ceiling increase can help get us to where we want to go,’ the Virginia Republican told reporters. ‘It is my preference that we do this thing one time. … Putting off tough decisions is not what people want in this town.’”  [Politico, 6/22/11]

McConnell Proposes:

Senator McConnell Opposed Eliminating Tax Breaks In Debt Limit Deal.

SCHIEFFER: “Well, let me just ask you this. As part of a deal to raise the debt ceiling, would you be willing and open to eliminating some tax breaks if Democrats will go along with some spending cuts?”

MCCONNELL: “Well, we’re really interested in corporate tax reform, for that matter, tax reform across the board. It’s very hard, Bob, to deal with a big subject like tax reform within a month. We need to do it. But it’s hard to squeeze that into this time limit we have in connection with the deficit. So we need to concentrate on cutting spending.” [Face the Nation, 6/19/11]

Cantor Smacks Down:

Majority Leader Cantor Said “We Are Not Opposed To Revenues.” “And while Republicans have stuck with the talking point that the government doesn’t have a revenue problem; it has a spending problem, GOP leaders have left the door open to finding more money in the tax code. ‘We are not opposed to revenues. We are just opposed to tax increases,’ Majority Leader Eric Cantor (R-Va.) told reporters.” [Politico, 6/21/11]

 

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