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03 Jul 2011 20:31

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Politics: Two Senate Republicans budge on raising revenue. Well, kinda.

  • I think it’s clear that the Republicans are opposed to any tax hikes, particularly during a fragile economic recovery. Now, do we believe tax reform is necessary? I would say absolutely.
  • Sen. John Cornyn • Opening the door for the possibility of raising revenue … very slightly. See, Cornyn is OK with changing the tax code so as to fix loopholes in it. But he won’t willingly offer to raise taxes, no ifs, ands or buts. Sen. John McCain is in the same boat, willing to consider “revenue raisers” — without offering details. Now, this all seems like “whatever,” until you realize that this is the closest any members of the GOP have gotten to the idea of raising taxes — or any revenue at all, that is. How pathetic is it that this as far as the GOP has been willing to compromise on this issue? Why should Democrats have to do all the compromising? This isn’t even a step forward. This is like kicking your foot forward a quarter-inch by accident. This redefines movement. source