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Mitch McConnell: The tax revenue issue is “finished, over, completed”
Hotair ^ | 01/07/2013 | Erika Johnsen

Posted on 01/07/2013 10:08:08 AM PST by SeekAndFind

We are now officially in "extraordinary measures"-territory, i.e. we've hit our $16.4 trillion debt ceiling but the Treasury Department is using roundabout methods to service the debt until approximately the end of February, and the fiscal cliff fight was only the first of a multi-stage showdown. The debt-ceiling tussle is on par to get even uglier, and I'm not holding out hope that any of the punting and dithering on real reforms will be resolved before the very last minute. Again.

The parties are clarifying their second-round starting positions, and as Ed already summarized, the Democrats are looking for even more revenue to supposedly balance Republicans' calls for spending cuts; House Minority Leader Pelosi magnanimously informed us on Sunday that raising taxes on higher earners is still "not off the table."

Senate Minority Leader Mitch McConnell, however, reiterated his position that the question of ‘raising revenue’ ever further is nothing-doing, and that substantive spending cuts will be the order of the day:

CLICK ABOVE LINK FOR THE VIDEO

STEPHANOPOULOS: Well, but — but the deadlines are approaching. And I think the president has said he’s willing to engage in more discussions over the sequester and the government shutdown, but that would also include new revenues. You say that the tax debate is over.

MCCONNELL: Oh, yeah, the tax — the revenue — the tax issue is finished, over, completed. That’s behind us. Now the question is, what are we going to do about the biggest problem confronting our country and our future? And that’s our spending addiction. It’s time to confront it. The president surely knows that. I mean, he has mentioned it both publicly and privately. The time to confront it is now.

The arguments abound over who has what leverage and how much of it, but this seems to be the starting-gate we’re looking at for the next round of political theater. Who’s pumped?


TOPICS: Constitution/Conservatism; Culture/Society; Government
KEYWORDS: debt; mcconnell; tax; taxes

1 posted on 01/07/2013 10:08:13 AM PST by SeekAndFind
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To: SeekAndFind

So silly. The Dems have only begun to tax, and McConnell must be brain dead to think otherwise.


2 posted on 01/07/2013 10:18:17 AM PST by LS ('Castles made of sand, fall in the sea . . . eventually.' Hendrix)
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To: All


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3 posted on 01/07/2013 10:24:46 AM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: SeekAndFind
Don't raise the debt ceiling. Pass a law that, in the event Congress can't pass any funding measures, the Executive Branch can spend only the money it takes in and must finance the salaries of our soldiers first.

Don't let Dims hold the elderly as hostages. The Executive Branch can fund Social Security by cashing in the notes held in the SS Trust Fund. Each dollar cashed in counts as spending but also reduces the debt held by the Federal Government. So it won't affect the credit limit.

4 posted on 01/07/2013 10:36:02 AM PST by Dilbert56
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To: SeekAndFind
Don't raise the debt ceiling. Pass a law that, in the event Congress can't pass any funding measures, the Executive Branch can spend only the money it takes in and must finance the salaries of our soldiers first.

Don't let Dims hold the elderly as hostages. The Executive Branch can fund Social Security by cashing in the notes held in the SS Trust Fund. Each dollar cashed in counts as spending but also reduces the debt held by the Federal Government. So it won't affect the credit limit.

5 posted on 01/07/2013 10:36:23 AM PST by Dilbert56
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To: SeekAndFind
Don't raise the debt ceiling. Pass a law that, in the event Congress can't pass any funding measures, the Executive Branch can spend only the money it takes in and must finance the salaries of our soldiers first.

Don't let Dims hold the elderly as hostages. The Executive Branch can fund Social Security by cashing in the notes held in the SS Trust Fund. Each dollar cashed in counts as spending but also reduces the debt held by the Federal Government. So it won't affect the credit limit.

6 posted on 01/07/2013 10:36:26 AM PST by Dilbert56
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To: SeekAndFind

How stupid does McConnell think we are? We know that he’ll cave, that he can’t wait to cave, that he’s not going to get anything of substance in return for caving, yet he goes around saying dumb things like this. So tiring really.


7 posted on 01/07/2013 10:46:25 AM PST by Behind the Blue Wall
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To: Dilbert56

RE: Don’t raise the debt ceiling. Pass a law that, in the event Congress can’t pass any funding measures, the Executive Branch can spend only the money it takes in and must finance the salaries of our soldiers first.

That might get through the lower house, but the moment it reaches the Senate, you face Harry Reid and his minions and it’ll die there.

Reps. Steve King of Iowa and Michele Bachmann of Minnesota, both Republicans, introduced bills in the House to repeal Obamacare shortly after it was passed, as did Sen. Jim DeMint in the Senate.

None of the three bills were considered by either body


8 posted on 01/07/2013 10:48:04 AM PST by SeekAndFind
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To: SeekAndFind

Anyone else NOT believe him? Yeah, me neither.


9 posted on 01/07/2013 11:00:13 AM PST by RIghtwardHo
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To: SeekAndFind
Republicans..Don't increase the debt ceiling!!!!

Take a charge. Do or die (politically) time!

10 posted on 01/07/2013 11:00:58 AM PST by Christie at the beach (I like Newt. Our nation's foundation is under attack.)
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To: LS

The next push will be for a national sales, VAT or excise tax, (maybe all three) to apply to ALL goods and services engaged within the US jurisdiction.

This would have the happy effect of not only forcing the “rich” to pay their “fair share”, but the middle- and low-income citizens as well. It is not necessary for the ultimate consumer to make out any paperwork at all, and therefore, never actually realize just how much the tax bite is.

Of course, this assumes that any income taxes would NOT be repealed.


11 posted on 01/07/2013 11:04:22 AM PST by alloysteel (Bronco Bama - the cowboy who whooped up and widened the stampede.)
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To: SeekAndFind
The arguments abound over who has what leverage and how much of it,

Uh, the House can refuse to raise the debt ceiling.

OK, they won't. But they could.

12 posted on 01/07/2013 11:40:29 AM PST by St_Thomas_Aquinas
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To: Christie at the beach
Republicans..Don't increase the debt ceiling!!!!

Notice they never say they won't raise the debt ceiling, only that any increase must come after spending cuts.

Fact is they have never said that they would not raise the debt ceiling.

13 posted on 01/07/2013 12:16:35 PM PST by itsahoot (Any enemy, that is allowed to have a King's X line, is undefeatable. (USS Taluga AO-62))
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To: Dilbert56

What trust fund?


14 posted on 01/07/2013 12:58:08 PM PST by Tublecane
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To: Dilbert56

What trust fund? How do you cash in a dollar? Dollars are cash.


15 posted on 01/07/2013 12:58:30 PM PST by Tublecane
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To: Behind the Blue Wall
Not to worry. Mitch (the bitch) will fold up like a cheap accordian again.
16 posted on 01/07/2013 1:03:20 PM PST by dearolddad
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To: St_Thomas_Aquinas

Didn’t the Senate just illegally originate legislation to avoid the fiscal “cliff”? Why wouldn’t they do that again? And couldn’t they somehow bypass the house altogether? I mean, if the law is no issue.


17 posted on 01/07/2013 1:04:43 PM PST by Tublecane
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To: SeekAndFind

They’d better be ready to put their best conservative speakers forward. Rand Paul, Rubio, Ted Cruz..... anyone but McConnell himself.


18 posted on 01/07/2013 1:06:29 PM PST by jersey117
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To: SeekAndFind

19 posted on 01/07/2013 1:08:16 PM PST by mirkwood
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To: mirkwood

That’s hilarious.


20 posted on 01/07/2013 1:16:04 PM PST by Herbster
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To: RIghtwardHo

Anybody who thinks the GOP won’t raise the debt ceiling in return for spending cuts to be determined in 10 years raise your hands. Thats what I thought.


21 posted on 01/07/2013 1:28:56 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: SeekAndFind

It is until the next ‘crises’ the Democrats create, then the GOP ‘leadership’ will fall all over themselves to show how willing to compromise they are.


22 posted on 01/07/2013 1:39:57 PM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: mirkwood

One picture is worth a thousand words!


23 posted on 01/07/2013 1:41:41 PM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: Tublecane
Didn’t the Senate just illegally originate legislation to avoid the fiscal “cliff”?

Maybe someone else can tell us. The rule about legislation originating in the House is soft, because there is a lot of informal wheeling and dealing outside the official process.

Why wouldn’t they do that again? And couldn’t they somehow bypass the house altogether? I mean, if the law is no issue.

Nothing would surprise me at this point.

24 posted on 01/07/2013 1:53:56 PM PST by St_Thomas_Aquinas
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To: alloysteel
By the time they're done, there will be taxes on tea.

Wait a minute . . . .

25 posted on 01/07/2013 5:12:55 PM PST by LS ('Castles made of sand, fall in the sea . . . eventually.' Hendrix)
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