Senate Democrats

McConnell Out On A Limb on Revenue

MCCONNELL WALKED OUT ON A LIMB IN OPPOSING REVENUES OF ANY KIND…

McConnell Said No to All Forms of Revenue. “President Barack Obama stepped back into deficit-reduction talks Monday, only to be greeted by a double-barrel blast from Senate Republican leader Mitch McConnell, who peremptorily rejected any deal that would include the added revenues Obama wants together with spending cuts. McConnell’s meeting with the president stretched more than an hour, but even before the two men sat down together, the Kentucky Republican had delivered a toughly worded speech on the Senate floor and posted an opinion piece on CNN.com demanding that ‘tax hikes’ come off the table.”  [Politico, 6/27/11]

McConnell: “Talking About Tax Revenue Not Helpful.” [AP, 6/26/11]

…AND NOW HIS CAUCUS IS SAWING IT OFF.

Cornyn Open to Revenues in Debt Limit Deal. “When asked about Democratic leaders’ demands that tax breaks be eliminated to raise billions of dollars in additional revenue, Sen. John Cornyn, R-Texas, said the subject should at least be up for consideration in the debt limit talks. ‘I think the president’s own fiscal commission pointed out that there’s a lot of money being used in tax expenditures. I think we ought to get them all out on the table and look at them and see which ones make sense,’ he said. Cornyn, who heads the Senate GOP campaign organization, indicated that he was at least open to closing some tax breaks without requiring that the revenue raised be offset with spending cuts elsewhere. ‘I would tell you that I think that would be a fruitful area for discussion.’”  [CQ Today, 6/28/11]

Graham Get Rid of Subsidies and Pay off the Debt. On “Meet the Press” Graham said, “No one on the Republican side is going to vote to raise taxes, but I think many of us would look at flattening the tax code, doing away with deductions and exemptions and take that revenue and help pay off the debt.  One way to do this is to do away ethanol subsidy and a bunch of other subsides that go to a few people, take that money back into the federal Treasury and pay off the debt.”  [Meet the Press, 6/19/11]

Senator Alexander Called Now “A Good Time To Take a Hard Look At Unwarranted Tax Breaks” “ Schumer pointed to Senate Republican Conference Chairman Lamar Alexander (Tenn.) as a Republican who wants to reduce the deficit by ending permanent tax breaks that favor particular industries. ‘At a time when we are borrowing 40 cents out of every dollar that we spend, it is a good time to take a hard look at unwarranted tax breaks, and one appropriate use of those funds is to reduce the deficit,’ Alexander said Thursday.” [The Hill, 6/17/11]

Senator Johanns Said “We’re Looking at Everything Now” “More than two-thirds of senators voted to immediately end an existing 45-cent-per-gallon tax credit for blending ethanol in gasoline that expires at the end of the year. ‘I think we’re looking at everything now,’ said Nebraska Republican Sen. Mike Johanns, a former governor and George W. Bush-era agriculture secretary. ‘Trying to figure out what to do with the budget has caused us all to come to grips with some things we’ve supported in the past, all of us.’” [Politico, 6/17/11]

Senator Coburn Said The Vote To End Tax Subsidies “Should Send A Good Signal” To The Biden Talks. “The vote could also have implications for deficit reduction talks Vice President Joe Biden is leading with bipartisan congressional leaders. ‘It should send a good signal,’ Coburn told reporters. ‘We’ve got to do what’s in the best interest of the country, not what’s in the best interest of special interest groups.’” [Politico, 6/17/11]

Senator Coats Said It’s Entirely Appropriate To End Niche Tax Subsidies. According to The Hill, “Coats says it’s entirely appropriate to end niche tax subsidies, or what he calls tax expenditures, to reduce the deficit. He said the thinking has changed since the 2010 election. Before then, he said, the assumption was that money saved from ending tax breaks would be spent on other federal programs.” [The Hill, 6/17/11]

Senator Kyl Said “Revenues Have Never Been Off The Table.” According to Roll Call, Senator Kyl said “Revenues have never been off the table.”  [Roll Call, 6/28/11]

 

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