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Sun Feb 3, 2013, 07:55 PM

Revenue must be part of any budget deal: Senator Reid

Source: Reuters

Revenue must be part of any budget deal: Senator Reid

WASHINGTON | Sun Feb 3, 2013 5:34pm EST

(Reuters) - The top Senate Democrat said on Sunday tax revenue must be part of any deal to replace looming automatic spending cuts, despite Republican warnings that they will not buckle over this issue after conceding on tax rises for the rich a month ago.

In separate remarks, Defense Secretary Leon Panetta also took aim at the $85 billion in across-the-board spending cuts, known as the sequester, which bite on March 1 unless Congress takes action, and warned they would harm U.S. security.

Senate Majority Leader Harry Reid said the American people backed his party in the argument over tax increases and spending cuts, singling out tax breaks for oil companies and corporate jets as examples of loopholes he would close.

"The American people are on our side. The American people don't believe in these austere things. We believe that the rich should contribute," he told ABC News program "This Week With George Stephanopoulos."

-snip-


Read more: http://www.reuters.com/article/2013/02/03/us-usa-fiscal-reid-idUSBRE9120CB20130203

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Reply Revenue must be part of any budget deal: Senator Reid (Original post)
Eugene Feb 2013 OP
amerikat Feb 2013 #1
Atman Feb 2013 #2
Autumn Feb 2013 #3
LastLiberal in PalmSprings Feb 2013 #4
Third Doctor Feb 2013 #5

Response to Eugene (Original post)

Sun Feb 3, 2013, 08:06 PM

1. I'm having a hard time taking him seriously at this point.

Don't think he will get any of what he wants after giving in on the filibuster.

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Response to Eugene (Original post)

Sun Feb 3, 2013, 08:07 PM

2. Shit. We're doomed.

Harry said it...so you can be sure he's already making deals to give up on any new revenues in exchange for more tax cuts for the rich.

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Response to Eugene (Original post)

Sun Feb 3, 2013, 08:22 PM

3. If Harry says it we can trust it.

Sorry old habits are hard to break.

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Response to Eugene (Original post)

Sun Feb 3, 2013, 08:50 PM

4. Harry? Harry?

Seriously, do you really think anyone is listening to you?

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Response to Eugene (Original post)

Sun Feb 3, 2013, 09:39 PM

5. Oh just shut up, Harry.

You lost your last bit of credibility a week ago and now you are posturing for the cameras again?

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