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: 420
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
Iran Is Grasping for a Solution to an American Blockade It Can’t Break
Fri, May 1, 2026 21:19 - 4 posts
So it begins...
Fri, May 1, 2026 21:00 - 1 posts
Democrats bicker over whether a 2024 autopsy is needed, more than a year later
Fri, May 1, 2026 20:14 - 1 posts
In the garden, and RAIN!!! (2)
Fri, May 1, 2026 19:56 - 7085 posts
Iran Is Losing This War, and the Global Balance of Power Is Shifting
Fri, May 1, 2026 18:50 - 1 posts
Trump approves ‘Keystone Light’ oil pipeline from Canada to US
Fri, May 1, 2026 17:52 - 1 posts
Khamenei, One of Most Evil People in History, is Dead
Fri, May 1, 2026 17:41 - 373 posts
The Supreme Court’s vote ruling empowers minorities. Now Dems will have to earn their support
Fri, May 1, 2026 16:51 - 7 posts
What Happens When Europeans Find Out How Poor They Are?
Fri, May 1, 2026 16:45 - 1 posts
Do you feel like the winds of change are blowing today too?
Fri, May 1, 2026 13:19 - 4532 posts
Trump Is Destroying Everything He Touches
Fri, May 1, 2026 13:18 - 1275 posts
Trump
Fri, May 1, 2026 12:03 - 45 posts

FFF.NET SOCIAL