Skip to comments.2 Republicans Open Door to Increases in Revenue(McPsycho & Cornyn)
Posted on 07/03/2011 7:30:30 PM PDT by TigerLikesRooster
July 3, 2011
2 Republicans Open Door to Increases in Revenue
By JOHN M. BRODER
WASHINGTON Two senior Republicans said Sunday that they might be open to raising new government revenue as part of a deal to resolve the dispute over the federal debt ceiling, but they warned that there was little time to enact a comprehensive deal.
One of the senators, John Cornyn of Texas, said he would consider eliminating some tax breaks and corporate subsidies in the context of changes in the tax code, provided there was not an overall increase in taxes.
I think its clear that the Republicans are opposed to any tax hikes, particularly during a fragile economic recovery, Mr. Cornyn said on Fox News Sunday. Now, do we believe tax reform is necessary? I would say absolutely.
But he insisted that any changes in taxes be revenue neutral, meaning that the government would not take in any more money from individuals or businesses than it does now.
(Excerpt) Read more at nytimes.com ...
I saw Senator Cornyn and he said Tax Reform was necessary, and that if overall rates were reduced, then current special deductions and credits could also be reduced to produce a revenue neutral result on a static scoring. He added that there wasn’t time to do this in the Debt Ceiling bill, so tax increases were off the table.
John Cornyn has turned out to be such a RINO pr**k. I can’t wait to vote against him.
Are these turkeys still protecting McCain? Why make the reader wait until the fifth paragraph to find out who the second RINO is? The writer could’ve made this plain in the first sentence.
I guess those two don’t like being in office.
I hate RINOs.
I loathe RINOs.
I despise RINOs.
I f*rt in their general direction.
The Keating Five bank swindler to the rescue!
I hate euphemisms!
If they believe this, they should come out and say: “I will consider raising taxes.”
This newspeak crap really, really, gets on my nuts!
King James Version
37 But let your communication be, Yea, yea; Nay, nay: for whatsoever is more than these cometh of evil.
I want elected officials who say what they mean and mean what they say. Enough of this double talk.
The President who did the most to close tax loopholes was none other than Ronald Reagan, in 1986. It’s a winning GOP strategy to call the Dems’ bluff and end special tax breaks in exchange for lower tax rates.
Cornyn has to know that corporations do not pay taxes, they pass them on to the consumer as a cost of doing business. He is just jumping on the Obama bandwagon and picking on the easy target, like a good little RINO.
Absolutely correct, that makes at least two of us. I hope he has a strong primary opponent, but won’t count on it.
What in the hell is wrong with these Republicans? Victory is being handed to them on a gold platter, yet they are willing to throw all that away just so they can taste defeat instead. If the Republicans do nothing, we get $1.6 trillion cut in spending. If the Republicans work out a deal with the Democrats, they would be lucky to get 1% of that, and they ensure that they lose their jobs next election. It's a no-brainer, yet these Republicans aren't even that smart.
Matthew 5:37 “ But let your communication be, Yea, yea; Nay, nay: for whatsoever is more than these cometh of evil.”
Matthew is clear as crystal. Thanks.
Cornyn spends most of his time in recent years on the wrong side of issues and high tailing it to compromises with the socialists. With all the attributes of a paper tiger he is one toothless conservative who needs to be gone. He sold out conservatism for the Senatorial Campaign Chair. It shows.
Think the writer could be related to David Broder?
It sounds like Cornyn the Cunning /s wants the rate of taxation lowered, and no taxes raised on individuals or business enterprise. ( I didn’t read past the posted exerpt ). This is okay?
Still, no one is impressed with Cornyn representing our side. He is such a neutralizer that nothing ever gets going.
Except his resume, of course.
These guys are a big pile of fail. The deficit is going to be 1.4 to 1.6 trillion dollars in FY 2011. The national debt is close to 100 of the GDP, and they want to change the tax code to raise pennies.
Then the left will rejoice thinking these trivial changes in the tax code will solve all the budget problems.
It is very simple.
McCain is a super liberal politician. He is only a conservative during an election year.
He cares more about his standing among D.C. crowds, one inbred bunch of losers cut off from the rest of the country.
Even if he felt that he had good reasons, as a Republican, to explore alternative options on the economy and the budget, he should never go out and undercut his Republican colleagues like he consistently does. He should meet with them privately and discuss what he thinks.
That he doesn't do this is very telling. It says that McCain, at best, puts his self-interest above conservatives and his party. Much worse, it suggests that maybe his agenda is contrary to the interests of conservatives and the Republican party. Selfish jerk, or Machiavellian saboteur. It's a scary consideration.
Cornyn will be getting a phone call Tuesday morning from this fed up voting citizen.
>he would consider eliminating some tax breaks and corporate subsidies in the context of changes in the tax code<
not necessarily a bad thing, depending on the overall change in the code they are looking for....
Why don’t we reduce revenue to the government and put it back in the hands of the people?
For what? I would love to reduce rates and reduce deductions/subsidies. Isn’t that what Cornyn wants?
I agree that Cornyn needs to go, but a tax reform that lowers the rates and the complexity of the Code is a good thing if it is revenue neutral. Of course, there would be winners and losers, but the losers would more likely be government farming corporations like GE and ADM. The winners would tend to be smaller companies.
Broder is wishing.
I had to go to the link to get this. Our buddy McCain again has to stand out.
“Cornyn will be getting a phone call Tuesday morning from this fed up voting citizen.”
I’m sure he’ll be quaking in his boots since he’s next up for re-election in 2014. In his capacity as Senate campaigner, I guess he’s afraid of what might happen to GOP Senate takeover if the debt ceiling bit turns out to be a public relations fiasco for GOP.
Nevertheless, it’s a sellout and he’s turning out to be a less and less reliable conservative.
Could well be. Oh joy!
Cornyn is a huge dissapointment, like KBH and all the other statewide officials who lean moderate
I’m confused. I’d be in favor of eliminating all the phony special interest deductions in exchange for a lower rate on all taxpayers that did not raise total taxes collectied by the Gubmint. That’s called a Flat tax and all conservatives should consider supporting that. How is this different. Why couldn’t they eliminate the airplane, ethanol, oil deduction and simultaneously lower the tax rate on all companies by say 1% (whatever it takes to break-even). The government breaks even (no new taxes) but it’s more efficient and less need to pay lawyers and accountants. This isn’t bad if that’s what happens (Is everybody worried they’ll lie and just drop the deductions without simultaneously lowering the rate—Is that the issue?)
I googled it; sourcewatch says they are not related.
I’m getting tired of posting this, I’ve posted it so many times and no one has responded, not even once.
The Democrats in the Senate have a whole slew of bills sitting in the committees, bills that will affect a lot of different special interests in different states. These bills amount to a third stimulus bill, but are broken down into individual grants and subsidies, so as to create a problem for various Republicans in red states.
In the Northwest, its a coal terminal that will also ship grain from farmers who have been receiving payments in lieu of growing crops. The Democrats have promised to lift the farm regulations in exchange for shipping the grain and soy beans through a Goldman Sachs terminal in Whatcom County, WA. There are other schemes like this all over the country, from Maine, to South Carolina, to Oklahoma and Montana.
“and that if overall rates were reduced, then current special deductions and credits could also be reduced to produce a revenue neutral result on a static scoring”
That stuff almost always works out to a revenue net plus. Sneaky devils.
Sen. Cornyn can start planning his next career...
Article content = no increase in taxes, revenue neutral
NYT headline = 2 Republicans Open Door to Increases in Revenue
Article content does not match the headline...and it is evident most of these comments were made without reading the article.
Okay we have a solution.
We’re going to take more of your money AND more of your freedom.
You can thank us now. :)
That's not what Sarah Palin says. She believes McCain is a common sense conservative, because she has stated, numerous times, that is the only kind of candidate she will support.
Question. If we balanced the budget next year....what would happen?
They will stick their daggers deep within our chests.
(I know a couple of you are different, but) For the most part, you are all reacting like an emotional mob to the NYT’s spin, not doing your homework as you should as FReepers. In what universe do you live if you believe that the NYT is the least bit reliable???
If you want to know the truth - to see what Cornyn actually said - and how the NYT falsely spun it - Fox has the video up http://video.foxnews.com/#/v/1036571582001/sen-cornyn-on-debt-talks/?playlist_id=87485
The meat is around 7 minutes in.
You can not compromise with Obama.... you submit.
And he takes money from conservatives under the guise of beating Obama, then throws the election and spends their money against a conservative primary opponent.
I’ve been following Cornyn lately, and the NYT didn’t sound accurate to me.
As for McCain - he accepted hundreds of thousands of dollars in donation from George Soros, put into his Reform Institute. McCain is no conservative, and I stand by that observation.
With “Republicans” like John Cornyn, Texans need not criticize Republicans in other states who also cave to the Democrats.