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

http://www.reuters.com/ ^

[EQAndyBuzz]

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

[dragnet2]

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?

[RIghtwardHo]

VERY well said!!!!

[LaybackLenny]

Everybody’s gotta get their lies straight.

[11th Commandment]

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.

[gnawbone]

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.

[Windy City Conservative]

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”.

[Always Independent]

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

[Always Independent]

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.

[LibLieSlayer]

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

[NYCslicker]

http://www.breitbart.tv/reuters-wrong-sen-kyl-did-not-agree-to-200-billion-in-tax-increases/

[LibLieSlayer]

When have they ever shown the moxy to do anything like that... never has happened and never will... not once.

LLS

[LibLieSlayer]

The gop are nothing but liars, cheaters and thieves... and the dims are so bad they make the republicans look like pikers.

LLS

[LibLieSlayer]

Waiting to see what happens is not raising hell and demanding that these vermin fulfill their promises of 2010... I have faxed, called and emailed... have you?

LLS

[Wuli]

If they are actually talking about one part being the removal of a certain level of business tax exemptions (crony capitalism and leftist economic tinkering), in return for a second part, of a corresponding overall lowering of business income tax rates, providing a net zero-difference in business taxes, ALONG WITH major-major spending reductions, and Reuters wants to refer to the first part alone as representing an overall tax “increase”, let them.

Lower, flatter taxes with fewer (would be best if none) exceptions and exemptions would be a Conservative way to go. People should not get hung up on one-half of what might be a good whole.

I said MIGHT.

The devil is in the details.

[Always Independent]

Goes with my thinking.

[LibLieSlayer]

They have to re-word the lie.

LLS

[dragnet2]

lol...

[hinckley buzzard]

The only virtues of user fees as opposed to taxes is that 1) they often are optional, ie you can work around them, and 2) they are targeted so they don't get skimmed off by the corrupt bureaucrats for their personal enrichment, the way tax dollars are.

[Uncle Miltie]

You can’t increase tax revenues when you are on the right hand side of the Laffer Curve.