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Reid: Joint Committee Must Include Taxes Or Trigger Will Kick In
Real Clear Politics ^ | 8/2/2011

Posted on 08/02/2011 10:09:38 AM PDT by GreaterSwiss

"We've had too much talk the last few days of Republicans as early as this morning, Republican leaders in the Senate saying there will be no revenue. That's not going to happen. Otherwise, the trigger is going to kick in. The only way we can arrive at a fair arrangement for the American people with this joint committee is to have equal sharing. It's going to be painful. Each party if they do the right thing, it's going to be painful for them because to be fair, we have to move forward. There has to be equal spending cuts, there has to be some revenue that matches that," Sen. Harry Reid (D-NV) said on the floor of the Senate right before voting started on the debt deal. Increased revenue from taxes was not included in the debt compromise.

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


TOPICS: Breaking News; Business/Economy; Politics/Elections
KEYWORDS: democrats; govtabuse; liberalfascism; notbreakingnews; reid; socialism; socialistdemocrats; taxcheatparty; taxes
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To: ScottinVA; Pride in the USA; Stillwaters
He’s actually right. The Bush tax relief sunset was factored into the figures in this bill. If they’re not renewed, the taxes will markedly increase. If they are renewed, then — by CBO’s calculations — that will create a $5T hole that will need to be filled. And (correct me if I’m wrong here) if the Gang of 12 doesn’t agree on a budget-cutting remedy, tax hikes will occur as a result of a “trigger.”

Wow... some victory for the Tea Party.

Thanks, Republican “leadership.” Get bent, the lot of you.

You speak for me and millions of others. This is where we find ourselves today.

41 posted on 08/02/2011 10:35:18 AM PDT by lonevoice (schizophrenic hostage taking hobbit terrorist)
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To: Soul Seeker

For whom????


42 posted on 08/02/2011 10:36:18 AM PDT by Freedom56v2 ("If you think healthcare is expensive now, wait till it is free"--PJ O'rourke)
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To: GreaterSwiss

Republicans in Congress have shown great courage on the deficit, and deserve a lot of credit. The House passed the Paul Ryan budget, and all but 5 Republican Senators voted for it. They’ve come out strongly in favor of entitlement reform, and have Paul Ryan talking about the debt almost every day.

And they made the President and other Democrats eat their words and surrender by agreeing to spending cuts without any tax increases. It’s a tremendous victory.

This is the third real conservative government in the past 90 years, along with the Reagan Presidency and Gingrich speakership.


43 posted on 08/02/2011 10:36:24 AM PDT by Siegfried X
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To: OB1kNOb

Thanks, your post made me smile, which doesn’t happen often these days.


44 posted on 08/02/2011 10:37:29 AM PDT by Freedom56v2 ("If you think healthcare is expensive now, wait till it is free"--PJ O'rourke)
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To: GreaterSwiss

Reid and the Democrats are just sore losers. They got their glasses kicked in the negotiations, and now are whining about it.


45 posted on 08/02/2011 10:38:14 AM PDT by Siegfried X
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To: Siegfried X
And they made the President and other Democrats eat their words and surrender by agreeing to spending cuts without any tax increases. It’s a tremendous victory.

Drugs are bad...you shouldn't do drugs Mmmmkay?

46 posted on 08/02/2011 10:38:25 AM PDT by dfwgator
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To: dfwgator
The Republicans get played, again.

Are Republicans:

a) Fools

b)Push-overs

c)Stupid as bricks

d)ALL OF THE ABOVE

47 posted on 08/02/2011 10:39:10 AM PDT by CDB ("...the liberals' praise is a warning bell you must heed. Trust me on that." - Sarah Palin)
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To: TSgt

In Mormon Theology there is a small group of people, so devoid of their humanity that they get a special place. They are Called The Sons of Perdition. Growing up in Mormonism and being compelled to attend seminary before high school every morning we were taught about The Sons of Perdition but we never given examples. I want to thank Harry Reid for clearing up this long-standing void in my “religious training.” Harry Reid IS one of the Son’s of Perdition. Of that there is no question. Thanks again Harry!


48 posted on 08/02/2011 10:39:43 AM PDT by vette6387 (Enough Already!)
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To: ken21
now the truth comes out.

Well of course, didn't you get the memo? "We have the pass the bill to see what's in it."

Obviously a new component of the legislative process.

49 posted on 08/02/2011 10:40:20 AM PDT by truthkeeper (Vote Against Barack Obama in 2012!)
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To: GreaterSwiss

I’d say the RinoCracy got pretty much what they wanted...


50 posted on 08/02/2011 10:40:29 AM PDT by mo
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To: GreaterSwiss

If there are tax increases built into this bill, then why aren’t Reid and the Democrats bragging about them? Answer: because they aren’t there. There are no built-in tax increases.


51 posted on 08/02/2011 10:40:34 AM PDT by Siegfried X
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To: Siegfried X

Perhaps you should listen to Rush, he spent a good 2 horus yesterday and an hour today making the case that debt reduction agreement did do just that. If you don’t have radio, there are threads about it.


52 posted on 08/02/2011 10:40:44 AM PDT by Freedom56v2 ("If you think healthcare is expensive now, wait till it is free"--PJ O'rourke)
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To: GreaterSwiss
Reid is what is wrong with America

An American Expat in Southeast Asia

53 posted on 08/02/2011 10:41:43 AM PDT by expatguy (Donations make Expat Better!)
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To: dfwgator; xzins
The Republicans get played, again.

No. I have come to the conclusion that the Republicans are in on this deal. They are playing us! We are the ones who are being played, by the Republicans!

54 posted on 08/02/2011 10:43:08 AM PDT by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: P-Marlowe

You may very well be right.


55 posted on 08/02/2011 10:45:00 AM PDT by dfwgator
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To: GreaterSwiss

Comment # - - self censored by Arrowhead1952.


56 posted on 08/02/2011 10:46:03 AM PDT by Arrowhead1952 (Dear God, please let it rain in Texas. Amen.)
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To: ScottinVA

Face it, no one wants to actually cut something specific. They also don’t want to raise taxes. They are just scum.

I’d have to see the automatic cuts, my reaction is let them happen.


57 posted on 08/02/2011 10:48:59 AM PDT by Williams (Honey Badger Don't Care)
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To: Siegfried X
This is the third real conservative government in the past 90 years, along with the Reagan Presidency and Gingrich speakership.

Great sarcasm!

58 posted on 08/02/2011 10:50:08 AM PDT by Prokopton
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To: Soul Seeker
VICTORY!!!

LOL.

59 posted on 08/02/2011 10:51:44 AM PDT by zeugma (The only thing in the social security trust fund is your children and grandchildren's sweat.)
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To: bushwon

Glad to help in some small way........ ;-)


60 posted on 08/02/2011 10:51:56 AM PDT by OB1kNOb (We are past the end of the beginning and now going into the beginning of the end.)
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