DPCC Releases New Video Showing How Far Out On A Limb McConnell Is On Revenues
MCCONNELL CONTINUES TO STICK TO HIS GUNS ON REVENUE…
McConnell “Slams Shut” The Door on Revenues. “Even as Cantor cracked the door open, however, Senate Minority Leader Mitch McConnell (Ky.) slammed it shut, reiterating the long-standing Republican position that policymakers should consider eliminating tax breaks only as part of a comprehensive effort to rewrite the code and lower income tax rates.” [Washington Post, 7/7/11]
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]
…EVEN WHILE HIS ENTIRE PARTY IS SEEMINGLY RUNNING SCARED:
The Hill: “GOP Shifts on Taxes.” [The Hill, 7/7/11]
Politico: “Democrats’ Populist Rhetoric Has GOP Backpedaling.” [Politico, 7/7/11]
NBC First Read: The GOP Revenue Message is Now All Over the Place. [NBC First Read, 7/7/11]
Reuters: Republicans Back New Revenues In Debt Deal: Kyl [Reuters, 7/6/11]
Cantor Open To Closing Tax Loopholes. “House Majority Leader Eric Cantor told reporters today that there may be some wiggle room in the debt-ceiling negotiations when it comes to closing tax loopholes. ‘If the president wants to talk loopholes, we’ll be glad to talk loopholes,’ he explained. ‘We’ve said all along that preferences in the code aren’t something that helps economic growth.’” [NBC First Read, 7/6/11]
McCain: There Are Certain Revenue Raisers We Can Work On.
CROWLEY: No way no how would Senator John McCain vote for anything, a closing of a loophole or tax hike of any sort?
MCCAIN: Candy, Jon Kyl was in negotiations as you know with the vice president. And he said there were certain revenue raisers in other areas that perhaps we could work on. [CNN, 7/3/11]
Cornyn: Eliminating the Tax Expenditures Or Loopholes could make our nation more competitive internationally.
BREAM: So, would you consider that a tax hike or raising taxes? How do you define what we’re talking about when we’re talking about revenue?
CORNYN: Well, I think it’s clear that the Republicans are opposed to any tax hikes; particularly, during a fragile economic recovery. The last thing that employers need is further disincentives to not hire people. And that’s what hire taxes would mean. Now, do we believe that tax reform is necessary? I would say absolutely. There’s not enough time to get it this done between now and August 2nd. But it ought to be the first thing we turn to, try to make our tax code more rational. We could bring down rates, eliminate the tax, a lot of tax expenditures or loopholes and actually make our nation more competitive internationally. [Fox News Sunday, 7/3/11]
- 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]