Let’s call this one Acute Taxation Addiction as in the Democrat will always look to raise taxes as the first, second, and last solution to any fiscal crisis. The latest casualty of ATA? The debt ceiling talks
Senate Minority Whip Jon Kyl, R-Ariz., will also drop out of the debt talks, a source within his office confirms today. The Arizona Republican’s office will issue a formal statement shortly.
After House Majority Leader Eric Cantor (R-VA) dropped out of the talks this morning, Senator Kyl was the lone Republican in the group left. And with his withdrawal late this morning, the group does not have a Republican negotiator left in the room.
The group was set to meet for the 11th time this afternoon with Vice President Biden, their third meeting of the week.
What caused Kyl and Cantor to give up on finding common ground with Democrats?
Eric Cantor pulled out of the debt ceiling talks this morning, citing unbridgeable differences over the Dem insistence on tax hikes as part of a deal, and in his statement, he called on President Obama to step in and resolve the tax issue:
Since early May, Vice President Biden has led meetings surrounding the debt limit. The Vice President deserves a great deal of credit for his leadership in bringing us this far. We have worked to find areas of commonality to meet the goal of identifying spending cuts commensurate with or exceeding the amount of the Obama Administration’s request for a debt limit increase. I believe that we have identified trillions in spending cuts, and to date, we have established a blueprint that could institute the fiscal reforms needed to start getting our fiscal house in order.
That said, each side came into these talks with certain orders, and as it stands the Democrats continue to insist that any deal must include tax increases. There is not support in the House for a tax increase, and I don’t believe now is the time to raise taxes in light of our current economic situation. Regardless of the progress that has been made, the tax issue must be resolved before discussions can continue. Given this impasse, I will not be participating in today’s meeting and I believe it is time for the President to speak clearly and resolve the tax issue. Once resolved, we have a blueprint to move forward to trillions of spending cuts and binding mechanisms to change the way things are done around here.
Ah, tax hikes. ATA strikes again. Tax increases are all the Democrats can see as a solution to America’s debt crisis. Now, the Democrats will always tell us that they must have those increased taxes, because America needs MORE revenue. Odd, that when tax rates are cut, not raised, but cut, the revenues from income taxes, or capital gains taxes, always INCREASE! For example, Democrats are still trying to blame those “Bush tax cuts” for our debt issues. Well, Bush did cut taxes, and revenues went up. Trouble is, of course, that spending went up at an even higher rate.
If, and it is a big if, Democrats ever recovered from their bout with ATA they just might think about cutting taxes to spur economic growth, and cut spending TOO! Let us think here, more revenues flowing in, less money flowing out…………..HMMMMMMMMMMM.
Stacy McCain, blogging genius, an all-around good guy, even if he is a Tide fan, has another side to this
Obama’s gearing up his 2012 re-election campaign, and is therefore trying to paint Republicans into a box, to depict them as “extremist” and “irresponsible” if they don’t compromise with Democrats on a deal to increase the debt ceiling. And in this case, ”compromise” means agreeing to a tax increase, which would be a 100% betrayal of the voters who gave Republicans the majority in last year’s mid-term election.
In other words, it’s a variation of the tactic by which Democrats in 1990 forced George H.W. Bush to agree to a tax increase, breaking his “no new taxes” pledge. And if Republicans let themselves be bamboozled that way now, they deserve to be defeated in 2012.
Excellent points there. Obama is playing politics. Playing politics when he ought to be LEADING. I think the American people are going to see through this game this time however. They see the president putting his own reelection above the good of the country, and I think they also see the republicans trying their damnedest to begin to reign in the spending orgy our government has been in for years now. So, I do hope the GOP will take McCain’s advice and will stick to their guns. The GOP needs only to stay strong, and November 2012 will see the senate change hands, and see the Obama administration gone in early 2013.