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Republicans have agreed to $150 bln-$200 bln in increased tax revenues in budget talks: Senator Kyl
http://www.reuters.com/ ^

Posted on 07/06/2011 3:27:23 PM PDT by Windy City Conservative

Republicans have agreed to $150 bln-$200 bln in increased tax revenues in budget talks: Senator Kyl

(Excerpt) Read more at reuters.com ...


TOPICS: Politics/Elections
KEYWORDS: rinos; rinos4dnc; rinos4fees; rinos4iag; rinos4obama; rinos4tarp; rinos4taxes; rinosgiveup; rinosstabteaparty; rinosvsamerica; rinosvsamericans; treason
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Sorry everybody. This is at the top of the Reuter's web page. Hopefully it is not true. Hopefully it is only the Senate who have made such a deal. $200 billion tax increase? Crazy!
1 posted on 07/06/2011 3:27:30 PM PDT by Windy City Conservative
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To: Windy City Conservative

Well, forget votes in 2012 for Republicans who betray the Republic in such a manner!


2 posted on 07/06/2011 3:29:35 PM PDT by loveliberty2
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To: Windy City Conservative
not necessarily....they could easily be calling the rats bluff- they now have the PR muscle to demand massive budget cuts they know the rats won't adhere to....lets just see how this plays out...
3 posted on 07/06/2011 3:30:12 PM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: Windy City Conservative

The article refers to fees for government services. This might be real taxes, if so, the Pubics have sold us out. But it might not be. The devil’s in the details.


4 posted on 07/06/2011 3:32:27 PM PDT by Houghton M.
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To: Windy City Conservative
I still remember the budget deals struck by Democrats with President Reagan and President Bush (’41). In both cases, separated by a little more than 10 years, the ink was hardly dry when the Democrats broke their promises.

I fully expect that any agreement made between the Republicans and the democrats in 2011 to suffer the exact same fate.

My response to those republicans foolish enough to attempt a deal; with the Democrats is for them to pack their bags - they have completely forgotten who their employer is - “We, the People...”

5 posted on 07/06/2011 3:32:38 PM PDT by Nip (TANSTAAFL)
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To: loveliberty2

I am hearing the tax increases are “loopholes” being removed and it is a deal that includes corp tax rate reductions.

Who knows... we will see.


6 posted on 07/06/2011 3:32:38 PM PDT by rokkitapps ( Hearings on healthcare waivers NOW! (If you agree make this your tagline))
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To: God luvs America

We’re talking about Republicans here. They don’t have a strategy besides caving in. Also, they don’t have any PR muscle now, and they won’t gain any now, by making it look like they are compromising. They are not just making it look like they are compromise; they are compromising. I guess David Brooks get to ‘em.


7 posted on 07/06/2011 3:33:41 PM PDT by Windy City Conservative (Kyle Smith)
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To: Windy City Conservative

Notice no substantial discussion of cuts have even been floated. Whether this is true or not, our side somehow finds a way to negotiate from weakness every time. They needed to layout proposed cuts months ago to start the negotiation. None were floated for public discussion. I don’t know how they win this debate because no cut will be big enough to still not put the government on a catastrophic path to collapse.


8 posted on 07/06/2011 3:34:45 PM PDT by ilgipper ( political rhetoric is no substitute for competence (Thomas Sowell))
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To: Windy City Conservative

Typical Washington nonsense.

The Democrats get to claim they raised taxes, and the Republicans get to claim that they just closed “loopholes.”

It’s an old story: the Democrats propose to tear down the Washington Monument, and the Republicans respond with a plan to do it in three stages.


9 posted on 07/06/2011 3:35:46 PM PDT by EternalVigilance (With God Obama can't hurt us. Without God, George Washington couldn't save us.)
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To: Windy City Conservative

Pubbies apparently missed Rush’s program today.

Read my lips!!!!! Vote the B*STARDS out!

Where’s that $100 Billion in cuts the GOP promised in 2010??????


10 posted on 07/06/2011 3:37:40 PM PDT by TomGuy
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To: EternalVigilance

No,the Rats will claim that they made “spending cuts in the tax code.”


11 posted on 07/06/2011 3:38:18 PM PDT by Houghton M.
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To: Windy City Conservative

Over what period, 10 years? I hate how they use so many different time frames.


12 posted on 07/06/2011 3:38:51 PM PDT by 9YearLurker
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To: Windy City Conservative; loveliberty2

I need to know more before I reach any conclusion about this claim. Perhaps this revenue that Kyl mentioned is being raised by closing unproductive tax loopholes, not increasing tax rates.


13 posted on 07/06/2011 3:38:56 PM PDT by Clintonfatigued (Illegal aliens collect welfare checks that Americans won't collect)
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To: Windy City Conservative

i do agree with you to a large extent- the GOP fights like little girls and bend over to the rats...but again- lets see what happens...


14 posted on 07/06/2011 3:39:04 PM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: Windy City Conservative

We should be able to get that by altering the AMT so that the minimum a person has to pay on their taxable income is the lowest tax bracket - regardless of credits, deductions or exemptions.


15 posted on 07/06/2011 3:39:56 PM PDT by taxcontrol
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To: Windy City Conservative
i do agree with you to a large extent, though i think you are dead wrong about not having PR on their side if they propose some sort of reigning in of corp tax loopholes- the GOP fights like little girls and bend over to the rats...but again- lets see what happens...
16 posted on 07/06/2011 3:40:10 PM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: Houghton M.

Well yeah, to the general public. To their leftist constituency they will brag that they raised taxes on the rich.


17 posted on 07/06/2011 3:41:46 PM PDT by EternalVigilance (With God Obama can't hurt us. Without God, George Washington couldn't save us.)
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To: taxcontrol

agreed 1000%- some day someone in the GOP is gonna grow a pair and tell obozo and the rats if he wants those who pay the most to pay more (those who work 50/60/70 hrs-week btw) then make sure the 63.5million that pay nothing start to pay their “fair share”....


18 posted on 07/06/2011 3:42:19 PM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: Windy City Conservative
The rest of the Reuters squib is not particularly revealing:

"If the government sells something and gets revenue from it, that's revenue. If there is a user fee of some kind and we want to raise that to keep up with the times, that's revenue. And if you add up all of the revenues that we Republicans have agreed to, it's between $150 billion and $200 billion," Kyl said on the Senate floor.

The first point - sales receipts are revenue - isn't even hard enough to be in Accounting 101; the second point - raising user fees to keep up with the times - is too nebulous to really be meaningful.

It would make sense, for example, if - and this is just a hypothetical - the entrance fees to national parks had been set at $20 back in 1980 and never adjusted for inflation. If $20 was the market value of the right to enter and enjoy a national park, then that value, as measured in depreciating dollars, should have been indexed for inflation. Indexing that $20 in 1980 dollars to find the equivalent amount in 2011 dollars yields an amount of about $52.

Thus, in this case, it would make perfect sense to raise the entrance fee from $20 to $52 - unless there were good evidence that the intrinsic market value of the entrance right has fallen relative to other goods - i.e., people value it less than they did in 1980 - in which case the increase in that entrance fee would be less than $52. Conversely, it might be economically rational to raise it more than to $52 if the evidence suggested that people value that entrance right more today than they did in 1980 (which isn't so far-fetched considering how widespread the green cult is today).

That is precisely what a private business would do, and there is nothing intrinsically objectionable about the government doing the same thing, given that we've all essentially agreed to the concept of entrance fees on national parks in the first place.
19 posted on 07/06/2011 3:42:47 PM PDT by Oceander (The phrase "good enough for government work" is not meant as a compliment)
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To: Windy City Conservative

Not true his quote was just shown on Fox News. He said revenues other than raising taxes. I.e. Selling excess Federal property and raising fees.


20 posted on 07/06/2011 3:43:58 PM PDT by UB355 (Slower traffic keep right)
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To: loveliberty2

2012 will be time to clean em all out. RATS, RINO’s and So called conservatives.
Give me a credible Tea- Party candidate in my district and I will vote him or her.
NOT John Duncan!


21 posted on 07/06/2011 3:44:01 PM PDT by tennmountainman
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To: Clintonfatigued
Perhaps this revenue that Kyl mentioned is being raised by closing unproductive tax loopholes, not increasing tax rates.

A rose by any other name..........Tax is a tax, is a tax.

22 posted on 07/06/2011 3:44:46 PM PDT by itsahoot (Fair warning--I will vote for Palin, if I have to write her in. --He that hath an ear, let him hear.)
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To: God luvs America

To 3 - Yeah, sure.


23 posted on 07/06/2011 3:45:01 PM PDT by jla
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To: Oceander

Back door tax increase w/o any fundmental Medicare reform?

Paging Governor Palin....


24 posted on 07/06/2011 3:45:19 PM PDT by section9
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To: itsahoot

If the tax loopholes are frivolous and contribute nothing towards economic growth, like tax breaks for corporate jets or wealthy horse racers, why not do away with them? Sacrafices need to be made to get the debt under control.


25 posted on 07/06/2011 3:48:26 PM PDT by Clintonfatigued (Illegal aliens collect welfare checks that Americans won't collect)
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To: section9

Increasing user fees for services that are already subject to fees to the levels where a private business would have priced them is not a “tax increase” - it would represent one of the few fiscally responsible things this sorry, silly government has done.

Also, if you think that we’re going to get comprehensive medicare reform as a predicate to raising the debt ceiling, you’ll be waiting a long, long time.


26 posted on 07/06/2011 3:48:30 PM PDT by Oceander (The phrase "good enough for government work" is not meant as a compliment)
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To: Windy City Conservative

They will be remembered.


27 posted on 07/06/2011 3:51:13 PM PDT by Noumenon ("One man with courage is a majority." - Thomas Jefferson)
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To: Windy City Conservative

Mark Levin says he’s trying to get him on his program


28 posted on 07/06/2011 3:51:32 PM PDT by don-o (Please say a prayer for FReeper Just Lori. RIP)
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To: Windy City Conservative

The problem with the lesser of two evils is that the lessers get less and the evils get more evil.


29 posted on 07/06/2011 3:53:19 PM PDT by Marathoner (563 days to go until the Marxist leaves office: Can we make it?)
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To: Windy City Conservative

More Taxes AND Incredible new Taxes disguised as “fees”
(in the RomneyWING way).


30 posted on 07/06/2011 3:53:19 PM PDT by Diogenesis (Nothing surpasses the complexity of the human mind. - Leto II: Dar-es-Balat)
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To: Windy City Conservative

“If there is a user fee of some kind and we want to raise that to keep up with the times, that’s revenue.”

“User fee” is another name for “tax”!

This country is being taxed to DEATH, very literally.

We need a relaxation of regulation, and lessened taxes, so American ingenuity may thrive again!

2012 will mark a turning point, one way or the other...


31 posted on 07/06/2011 3:53:30 PM PDT by PreciousLiberty
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To: Windy City Conservative
Does our Republican leadership buy their white flags from France? We told them to fight, to hold fast, not to wimp out. This isn't negotiating, this is surrender!
32 posted on 07/06/2011 3:54:29 PM PDT by blues-train (blues train)
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To: Windy City Conservative
If true, they should not garner the vote of any Conservative in 2012.

End them.

Vote 3rd Party or don't vote.

33 posted on 07/06/2011 3:56:41 PM PDT by Mariner (War Criminal #18)
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To: Clintonfatigued
If you ‘get the debt under control’, all you really do is allow them to borrow and spend more later.
34 posted on 07/06/2011 3:58:33 PM PDT by conejo99
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To: conejo99

Levin saying Kyl will have a statement. Rooters may have it wrong.


35 posted on 07/06/2011 4:00:15 PM PDT by don-o (Please say a prayer for FReeper Just Lori. RIP)
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To: Windy City Conservative
Via Mark Levin, Kyl has stated the report from Reuters in wrong and will be issuing a statement.
36 posted on 07/06/2011 4:01:28 PM PDT by Rational Thought
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To: Windy City Conservative

Mark Levin just said that Kyl’s office said Reuters office has it wrong and he is releasing a statement correcting the matter.

Patience ......


37 posted on 07/06/2011 4:01:58 PM PDT by gnawbone (Bureaucrats piss me off and I should know, I am one.)
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To: 9YearLurker
Over what period, 10 years? I hate how they use so many different time frames.

All is pure Barbra Streisand since this congress cannot actually specify what the next congress can or cannot do regarding spending. If the next gang of thieves wants to quadruple the debt they will regardless of what this gang of morons wants or says.

38 posted on 07/06/2011 4:02:37 PM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: gnawbone

Has it wrong as I indicated.


39 posted on 07/06/2011 4:10:17 PM PDT by UB355 (Slower traffic keep right)
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To: conejo99
If you ‘get the debt under control’, all you really do is allow them to borrow and spend more later.

DING...DING...DING...We have a winner.

40 posted on 07/06/2011 4:10:20 PM PDT by LaybackLenny (Palin-________ Overdrive 2012 - Holy Flippin' Crap!!)
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To: rokkitapps

If they are talking about “loopholes” more power to them. If they are talking about legitimate deductions then the pitchforks are coming out.


41 posted on 07/06/2011 4:12:07 PM PDT by EQAndyBuzz (As long as the MSM covers for Obama, he will be above the law.)
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To: Rational Thought
Kyl has stated the report from Reuters in wrong and will be issuing a statement.

Why not just correct and state what it is instead of issuing some statement for later?

42 posted on 07/06/2011 4:16:06 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: EternalVigilance

VERY well said!!!!


43 posted on 07/06/2011 4:17:46 PM PDT by RIghtwardHo
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To: dragnet2

Everybody’s gotta get their lies straight.


44 posted on 07/06/2011 4:18:26 PM PDT by LaybackLenny (Palin-________ Overdrive 2012 - Holy Flippin' Crap!!)
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To: rokkitapps
I am hearing the tax increases are “loopholes” being removed and it is a deal that includes corp tax rate reductions.

If done correctly this would be a good thing.... WE ALL KNOW only big well connected companies get the tax breaks that bring rates down to 10%, 5% or 0%, while job creating companies get the shaft. A 15% to 20% corporate rate with closed loophole would help with the unsettle business climate in these United States.

45 posted on 07/06/2011 4:21:26 PM PDT by 11th Commandment (http://www.thirty-thousand.org/)
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To: UB355

Yep, I just heard Levin read an update from Kyl’s office - general politician-speak with little or no details about exactly what he meant.

He supposedly said that if there is an existing fee that it may be raised to keep up with the times (I paraphrased that). What fee is he talking about?

Are we being double dipped? If so, then it’s a tax (or tax increase if the fee already exists). Example: Some of our Federal Income tax goes to the National Park Service but then are there “fees” at the Parks that we get double dipped on? I don’t know, I’m just asking.

The reason for my question is that I don’t trust them .... any of them.


46 posted on 07/06/2011 4:22:18 PM PDT by gnawbone (Bureaucrats piss me off and I should know, I am one.)
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To: dragnet2

Reuters just quoted Kyl’s Senate Floor Speech. Kyl gave a speech for an audience of political moderates; trying to “better the PR” for Republicans, and it has backfired. Kyl was have a pissing contest with Democrats by saying, “we can raise fees, too”.


47 posted on 07/06/2011 4:22:44 PM PDT by Windy City Conservative (Kyle Smith)
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To: Windy City Conservative

Sounds like BO along with pinky reid are trying to paint the pubs into a corner again with the help of the LMSM.


48 posted on 07/06/2011 4:26:13 PM PDT by Always Independent
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To: 11th Commandment

I wouldn’t have a problem with some of those wall street types that pay no income taxes at all because they classify all the money they make as something other than income. Especially the ones that are supporting BO.


49 posted on 07/06/2011 4:29:40 PM PDT by Always Independent
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To: Windy City Conservative
IF this is true... and why would it not be... I swear on my sacred honor to do everything to help the Tea Party to replace the communist republican machine. I can almost guarantee you this story is 100% dead on. cantor and now kyl... take your heads out of the sand people... and I am being nice here!

LLS

50 posted on 07/06/2011 4:32:55 PM PDT by LibLieSlayer ("GIVE ME LIBERTY OR GIVE ME DEATH"! I choose LIBERTY and PALIN!)
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