Skip to comments.Sen. Tom Coburn: I'm Willing to Accept Tax Increases
Posted on 12/09/2012 1:17:09 PM PST by Orange1998
Republican Sen. Tom Coburn (R-Okla.) told me Sunday on ABC News' "This Week" that he is willing to accept tax rate increases as a component of a fiscal cliff deal, as long as Democrats put "significant entitlement reform" on the table.
"What we ought to be working on is the other 93 percent, because even if you do what [Obama] wants to do on tax rates, you only affect 7 percent of the deficit," Coburn said. "What we have done is spend ourselves into a hole, and we're not going to raise taxes and borrow money and get out of it."
"And so will I accept a tax increase as a part of a deal to actually solve our problems? Yes," he said.
But his Republican colleague in the House, Rep. Jeb Hensarling (R-Texas), disagreed.
He said that Republicans shouldn't vote for a tax increase which they believe will harm the economy.
"No Republican wants to vote for a rate tax increase," Hensarling said. "I mean, what that is going to do, according to the National Federation of Independent Business that commissioned a study by Ernst & Young, is cost 700,000 Americans to go from having paychecks to unemployment checks."
Hensarling said that President Obama pulled a "bait and switch" on Congressional Republicans by adding a demand for tax rate increases after the election. In 2011 Obama had suggested that $1.2 trillion could be raised by closing loopholes and pursuing tax reform alone, without raising rates.
"The president, again
if he would do what he said before the election, as opposed to the bait-and-switch, what Republicans feel like is a little bit like Charlie Brown running to kick the football and Lucy pulls it away," Hensarling said.
(Excerpt) Read more at news.yahoo.com ...
It’s over, my friends. It’s over.
Of course they are. When did government not enrich itself? I helped Newt in 1994 and he told me once a week they would spend the getting rid of old silly laws and, stop the 3% telephone tax to fund the Spanish/American war.
They did not stop a 3% phone tax. Name anything the GOP had done for the American people.
“...put “significant entitlement reform” on the table.”
That’s it? And to think that whores at least want to see the money upfront before they get under the table.
The morons running the GOP don’t know jack about actual political power.
There’s a way to out-fox Obama even now. Agree to tax increases... and then tax the hell out of Obama’s constituency groups.
The Republicans can give Obama exactly what he claims he wants - and then structure the details so that it hits universities, hedge funds, Wall Streeters, insurance companies, and even St. Warren Buffett directly. They’ll howl like stuck pigs, but the GOP could come back and say “Well, Mr. Buffett was complaining that his taxes were too low, so we raised them... just like he asked!”
But no. The GOP adheres to their stupid “pledge” and hard-line position to play to some idiot lobby like Norquist and his merry band of know-nothings.
Me too. If old people ON THIS SITE insist that they get THEIR WELFARE (i.e., Social Security and Medicare), then YES, it’s time to start paying the bills.
I’ve given up on the concept that older conservatives give a damn about the future of this country - I’ve dealt with more than my fair share of them, ON THIS SITE, that seem to think their Social Security money is sitting in the bank somewhere, just waiting for them to withdraw it.
Sure, they know of the $16T debt...but as long as they cash out, before “cashing out”, it doesn’t make a damn bit of difference to them. So I’m HAPPY to see that Republicans are finally getting on board and, at least, trying to come up with money for these TAKERS, rather than passing it on to my kids, who had NOTHING TO DO with this mess.
Are you tired? Isn’t it time to form the Tea Party to replace a certain other party?
Just In Case You Forgot, If You Want To Take Back America & Love The 10th Amendment, Youre Racist
GOP civil war: Herman Cain calls for third party
Of course he and the rest of the GOP old bulls will do everything
except cut spending. After all they all belong to the DC Party.
I think your post helps explain why the tea party movement was not as prominent in this year's election. Many, many seniors took to the streets to vocally oppose Obamacare, but they fully support Social Security and Medicare.
And, each day, their numbers grow.
Then pay more out of your own pocket a-hole, and leave the rest of us alone!!!
Its over for the GOP. Time to form a new party.
This is a slow motion cave.
Bunch of worthless wimps.
Then it sounds like you agree with coburn in that you are OK with increasing taxes. Doesn’t matter. The dems have the votes to push through most of what they want.
So.... GOP... how are you feeling about throwing real conservatives under the bus and giving us a Sen. Donnelly and a return of Sen. McCaskill?
That worked out GREAT didn’t it?
And now we have the RINOs folding like a cheap card table. This is getting tiresome. We had 6 years of Repub Congress and POTUS in the 2000s and a chance to end deficits and eliminate the debt. These Repubs set the precendent and BHO is now running with it.
Can we just for ONCE back genuine conservatives? Herman Cain for Senate ‘14!!!
“The morons running the GOP dont know jack about actual political power.”
The Constitution gives the House control over appropriations. Also tax bills must originate in the House. All the Republicans need to do is pass a balanced budget with the taxes to fund it. Then go home. The ball will then belong to Harry Reid and Obama. They can pass the budget and send out the welfare checks. Or they can not pass and not sign the budget, the government will shut down for lack of money, and their constituents will not receive their checks. The press, the Dems, and the masses may blame the Republicans for 2 or 3 weeks but by week 4 they’ll be demanding the Senate pass and Obama sign whatever they can get. This the power play if Boehner and his majority have the guts to execute. We are two years away from the next Congressional election which is a lifetime in politics. Why not actually do something worth getting blamed for by actually starving the welfare state and putting the government on a fiscally sound footing?
Obama, Reid and Pelosi are playing hardball in a game where the Republican House has the ultimate power if they’ll just use it. Instead, the Republicans are afraid to take a little heat from the press so they will cave.
How long will conservatives continue supporting a party that hates them and will never stand up for their interests?
When I learned in the last couple of week that the GOP had signed a consent decree 30 years ago not to confront voter fraud I was shocked. This was the first I ever heard of it. This automatically makes them a charade, nothing but a straight man for the rats. They needed to dissolve the GOP as a legal entity and let something else take it’s place. And why did they agree to this in the first place?
It’s outrageous and they are nothing but a bunch of entrenched politicians maneuvering to keep their gravy train. They’re as bad as the rats.
You are correct sir. It really is over. Time to do a John Galt on all these scum bags, and next year, I am out of the country.
How about the money people have paid into social security, have the government refund every penny back to the investors, see how that would work..