REAL WORLD EVENT DISCUSSIONS

Another GOP senator backs increased revenue as part of a deficit deal

POSTED BY: NIKI2
UPDATED: Sunday, June 19, 2011 14:09
SHORT URL:
VIEWED: 405
PAGE 1 of 1

Sunday, June 19, 2011 2:09 PM

NIKI2

Gettin' old, but still a hippie at heart...


Quote:

Another influential Republican senator on Sunday backed increasing tax revenue as part of a deficit reduction deal, going against a fundamental stance of fiscal conservatives.

Sen. Lindsey Graham of South Carolina said eliminating some tax breaks and subsidies for special interests was one way to tackle expanding deficits.

"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, do away with deductions and exemptions and take that revenue to help pay off the debt," Graham told NBC's "Meet the Press."

For example, he called for eliminating the ethanol subsidy "and a bunch of other subsidies that go to a few people" and put the money "back into the federal treasury" for debt reduction.

"That doesn't raise taxes," Graham said, but instead ends the "gravy train" for special interest groups while reducing the national debt.

Graham joined Oklahoma Sen. Tom Coburn, another staunch conservative, in backing increased revenue despite steadfast opposition by anti-tax groups such as Americans for Tax Reform led by influential conservative strategist Grover Norquist.

Norquist's group wants to shrink the size of government and overall government spending, and therefore opposes any tax or revenue increases. Norquist and Coburn have feuded publicly over the issue, which is certain to provoke debate among Republicans in the run-up to the 2012 national election.

However, Graham's stance indicates that more Republicans are willing to go public with support for some form of what Democrats demand as a component of a deficit reduction deal being worked out in bipartisan talks led by Vice President Joe Biden.

Another influential Republican senator on Sunday backed increasing tax revenue as part of a deficit reduction deal, going against a fundamental stance of fiscal conservatives.

Sen. Lindsey Graham of South Carolina said eliminating some tax breaks and subsidies for special interests was one way to tackle expanding deficits.

"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, do away with deductions and exemptions and take that revenue to help pay off the debt," Graham told NBC's "Meet the Press."

For example, he called for eliminating the ethanol subsidy "and a bunch of other subsidies that go to a few people" and put the money "back into the federal treasury" for debt reduction.

"That doesn't raise taxes," Graham said, but instead ends the "gravy train" for special interest groups while reducing the national debt.

Graham joined Oklahoma Sen. Tom Coburn, another staunch conservative, in backing increased revenue despite steadfast opposition by anti-tax groups such as Americans for Tax Reform led by influential conservative strategist Grover Norquist.

Norquist's group wants to shrink the size of government and overall government spending, and therefore opposes any tax or revenue increases. Norquist and Coburn have feuded publicly over the issue, which is certain to provoke debate among Republicans in the run-up to the 2012 national election.

However, Graham's stance indicates that more Republicans are willing to go public with support for some form of what Democrats demand as a component of a deficit reduction deal being worked out in bipartisan talks led by Vice President Joe Biden.


Okay, NOW I get my "OMIGAWD, he DID? I'm impressed" moment. To hear even ONE GOPer even HINT at any form of killing tax loopholes or subsidies or any of that is unusual enough, and given how the GOP holds together (especially now, when their extreme element would rather DIE than compromise on ANYTHING), I gotta say "kudos" for recognizing some realities!

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
Chinese Humanoid and Animal shaped robots are replacing us all... China New Year - its not just AI songs or Chatbots doing CGI meme art
Sat, February 21, 2026 12:20 - 3 posts
Russia Invades Ukraine. Again
Sat, February 21, 2026 12:18 - 9791 posts
Do you feel like the winds of change are blowing today too?
Sat, February 21, 2026 12:06 - 4312 posts
In the garden, and RAIN!!! (2)
Sat, February 21, 2026 11:50 - 6682 posts
Today in the Tags
Sat, February 21, 2026 11:20 - 17 posts
Metal Standings from Italy
Sat, February 21, 2026 01:59 - 29 posts
I, I, I'm Huntin, Lookin' for a Come Up... This is Fucking Awesome. :)
Sat, February 21, 2026 00:02 - 1 posts
Music takes the sting out of things...
Fri, February 20, 2026 20:53 - 15 posts
Trunp loses again in Court
Fri, February 20, 2026 20:15 - 930 posts
Trump Presidency 2024 - predictions
Fri, February 20, 2026 20:05 - 115 posts
Here comes sharia!
Fri, February 20, 2026 16:53 - 188 posts
Putin's Russia
Fri, February 20, 2026 16:40 - 102 posts

FFF.NET SOCIAL