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Thread: Key republican bolts from debt ceiling talks

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    Key republican bolts from debt ceiling talks

    Debt ceiling: Key Republican bolts debt ceiling talks - Jun. 23, 2011

    Vice President Joe Biden were thrown into question Thursday when a key Republican lawmaker pulled out of the talks.

    House Majority Leader Eric Cantor said in a statement the group had made progress in identifying "trillions" in spending cuts, but that Democrats "continue to insist that any deal must include tax increases."
    I'm sorry but this is absolutely ridiculous. Democrats control the senate and the White House. That's 2/3. You guys control 1. We already have agreed to cutting medicare and other entitlements, and you won't even give us tax increases in the form of cutting loopholes and subsidies? Is the GOP kidding?

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    Re: Key republican bolts from debt ceiling talks

    Tax increases don't cut loopholes and subsidies.

    Try again.
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Bigfoot 88 View Post
    Tax increases don't cut loopholes and subsidies.

    Try again.
    Yes they do. The discussion is regarding revenue increases. Subsidies and loopholes lower revenue. Cutting them will raise revenue.

    Try again.

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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Bigfoot 88 View Post
    Tax increases don't cut loopholes and subsidies.

    Try again.
    Technically, depends on how they are done.
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Gargantuan View Post
    Yes they do. The discussion is regarding revenue increases. Subsidies and loopholes lower revenue. Cutting them will raise revenue.

    Try again.
    Okay, then cut subsidies and loopholes.

    Don't raise taxes.

    I don't know why anyone would want to raise taxes especially considering we are hovering on a double dip recession. These FDR policies are going to keep us in a muck for a while.
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Bigfoot 88 View Post
    Okay, then cut subsidies and loopholes.

    Don't raise taxes.

    I don't know why anyone would want to raise taxes especially considering we are hovering on a double dip recession. These FDR policies are going to keep us in a muck for a while.
    But that's the thing. Your GOP won't agree to cutting subsidies and loopholes. That is the discussion here. Raising taxes = raising revenue. Cutting these things will raise revenue. Eric Canter is a partisan hack who will not even agree to take a hit. We democrats are agreeing to cutting from our base, the lower middle class and middle class. The republicans won't agree to cutting subsidies and loopholes from theirs, even though they even control one part of the process (house)

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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Gargantuan View Post
    But that's the thing. Your GOP won't agree to cutting subsidies and loopholes. That is the discussion here. Raising taxes = raising revenue. Cutting these things will raise revenue. Eric Canter is a partisan hack who will not even agree to take a hit. We democrats are agreeing to cutting from our base, the lower middle class and middle class. The republicans won't agree to cutting subsidies and loopholes from theirs, even though they even control one part of the process (house)
    I agree and im a republican...they refuse to cut the billions in subsidies that corporations recieve and instead want tax cuts for only the richest americans and corporations....subsidize them and give them tax cuts....whats wrong with this picture

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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Gargantuan View Post
    Debt ceiling: Key Republican bolts debt ceiling talks - Jun. 23, 2011



    I'm sorry but this is absolutely ridiculous. Democrats control the senate and the White House. That's 2/3. You guys control 1. We already have agreed to cutting medicare and other entitlements, and you won't even give us tax increases in the form of cutting loopholes and subsidies? Is the GOP kidding?

    Psst...hey, guess what? We don't actually want the debt ceiling raised! At all!

    Or at least, I don't.
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Gargantuan View Post
    But that's the thing. Your GOP won't agree to cutting subsidies and loopholes. That is the discussion here. Raising taxes = raising revenue. Cutting these things will raise revenue. Eric Canter is a partisan hack who will not even agree to take a hit. We democrats are agreeing to cutting from our base, the lower middle class and middle class. The republicans won't agree to cutting subsidies and loopholes from theirs, even though they even control one part of the process (house)
    They won't cut loopholes and subsidies?

    The argument is over raising taxes.
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Bigfoot 88 View Post
    They won't cut loopholes and subsidies?

    The argument is over raising taxes.
    When Democrats close loopholes, Republicans call it raising taxes.

    I'm fairly certain the reverse is also true.
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