SEARCH
« Obama Toast in 2012? Hardly, Says Jim Messina | Main | Woman Claims Cain Wanted Her to Trade Sex for Job »
Monday
Nov072011

Schumer: GOP’s Aversion to Tax Hikes Could Doom Super Committee

Win McNamee/Getty Images(WASHINGTON) -- The Senate’s No. 3 Democrat says that the Joint Select Committee on Deficit Reduction is unlikely to succeed because of a deadlock over Republican opposition to tax revenues.

With the 12-member bipartisan committee’s Nov. 23 deadline looming, Sen. Charles Schumer, the Democrats’ primary messenger as the Senate Democratic Policy Chair, told MSNBC’s Morning Joe that the super committee would likely fail to strike an agreement on a plan to slice $1.5 trillion from the deficit over the next 10 years “because our Republican colleagues have said no net revenues.”

“The American people are beginning to sniff this,” Schumer, D-N.Y., said. “They’re beginning to sniff that the other side has dug in and is not compromising.”

In an email titled, “What’s Sen. Schumer Sniffin’?” Michael Steel, press secretary for House Speaker John Boehner, disagreed with Schumer’s contention that Republicans oppose all new revenues.

“That is not correct,” Steel challenged. “Despite Senator Schumer’s ideological addiction to tax hikes, Republicans are working to find an agreement that works. So, while we oppose tax hikes (because tax hikes destroy jobs—as even President Obama has acknowledged), Republicans, including Speaker Boehner, have been clear that they are not opposed to increased revenue as a result of tax reforms that lead to economic growth.”

Steel pointed to a quote from Boehner’s interview Sunday on ABC’s This Week with Christian Amanpour to prove the GOP is open to a deficit deal that includes new revenues.

“I believe that if we restructure our tax code, where on the corporate side and the personal side, the target would be a top rate of 25 percent, it would make our economy more competitive with the rest of the world,” Boehner, R-Ohio, told Amanpour. “It would put Americans back to work. We’d have a broader base on the tax rules, and out of that there would be real economic growth and more revenues for the federal government.”

Boehner has said that the Democrats’ proposal for $1.3 trillion is not reasonable, although he has declined to enumerate a dollar figure that might be more amicable for Republicans.

During the speaker’s negotiations last summer with President Obama on a so-called “Grand Bargain,” Boehner had reportedly agreed to about $800 billion in new revenues as long as they were accompanied by fundamental reforms to entitlement programs. When the president pushed for another $400 billion in tax revenue, Boehner walked away from the talks.

The super committee continues to meet on a daily basis as its deadline to agree to a proposal to cut $1.5 trillion from the deficit over the next decade. Congress then has until Dec. 23 to pass the deal through both Houses of Congress. If a deal is not reached, $1.2 trillion in deficit savings split between Medicare and defense spending would be enacted through a sequestration mechanism.

Copyright 2011 ABC News Radio

References (1)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    Response: 龙骨机
    网站首页 关于我们 网站首页 产å“�中心 å…¬å�¸æ–°é—» 技æ 关于我们 œ¯æ–‡æ¡£ ç ”å�‘与æœ�务 销售网络 在线留言 è�”系我们 产å“�分类 ...

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>






ABC News Radio