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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."
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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."
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Read more: http://www.reuters.com/article/2013/02/03/us-usa-fiscal-reid-idUSBRE9120CB20130203
5 replies
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= new reply since forum marked as read
Sorry old habits are hard to break. 
