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: 409
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
‘Experts’ Know Less than They Think; All ‘authorities’ should be challenged.
Wed, March 18, 2026 23:24 - 1 posts
Has South Korea replaced the Japanese
Wed, March 18, 2026 18:30 - 43 posts
In the garden, and RAIN!!! (2)
Wed, March 18, 2026 18:22 - 6830 posts
IRAN: Trump's war?
Wed, March 18, 2026 17:51 - 388 posts
Ghislaine Maxwell, in prison for sex trafficking, calls meeting Jeffrey Epstein the "greatest mistake of my life"
Wed, March 18, 2026 17:32 - 52 posts
Music II
Wed, March 18, 2026 17:28 - 551 posts
From the Desk of Donald J Trump
Wed, March 18, 2026 17:19 - 357 posts
Is the USA a Zion Kissinger Weinstein Evangelical Zionism Nation?
Wed, March 18, 2026 17:13 - 43 posts
Brexit and Donald Trump: Lessons from History
Wed, March 18, 2026 17:03 - 33 posts
Khamenei, One of Most Evil People in History, is Dead
Wed, March 18, 2026 16:59 - 170 posts
Nuclear Deal with Iran
Wed, March 18, 2026 16:56 - 54 posts
Trump is a Troll
Wed, March 18, 2026 16:53 - 254 posts

FFF.NET SOCIAL