What Republicans mean by 'revenue'
November 8th, 2011
07:50 AM ET
3 years ago

What Republicans mean by 'revenue'

NEW YORK (CNNMoney) – It's been a big bone of contention from Day 1 on the congressional debt committee. Will Republicans accept any kind of revenue dedicated to debt reduction, and if so what kind and how much?

The question has greater urgency as the so-called super committee gets closer to its Nov. 23 deadline.

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Filed under: Congress • Republicans
soundoff (5 Responses)
  1. Annie, Atlanta

    My guess is the GOP thinks of revenue as the money they can take away from seniors by doing away with Social Security and Medicare.

    Or how about those poor folks with their food stamps, welfare, and Medicaid? They should drop dead for the good of the country, and the Republican's overlords, the rich, right?

    And then there's the flat tax, which increases taxes on those who can least afford it, and lowers taxes on those who don't need it.

    How about those unions? Those workers, like teachers, firefighters, and police officers don't need to make $25,000 per year. How dare they? The rich and the corporations need tax breaks instead. They are, after all, the job creators, right? I mean how many jobs were created after Bush cut taxes on the rich twice? Must have been tens of millions, right? No. Why do we keep falling for "trickle down economics?" Do we enjoy being trickled on?

    How am I doing so far? Can you see the revenue pouring in? Can you?

    How about putting people back to work and letting them consume and pay taxes. Why all the effort to keep tens of millions from gainful employment? To put one man out of a job? Seriously? Let's destroy America and Americans so President Obama loses? Who is losing in this scenario? Anyone?

    November 8, 2011 08:03 am at 8:03 am |
  2. Rick McDaniel

    There has been no debt reduction discussed........only reductions in the growth of spending. You don't need revenue for that.

    November 8, 2011 08:52 am at 8:52 am |
  3. Rudy NYC

    Plain and simple. The conservative definition of revenue is profit.

    The way conservatives have adhered to a jihad-like policy that does any and everything possible to exclusively support the wealthy and big business raises some interesting questions when you consider what the authors of the US Constitution could or might say about the practice. The Constitution specifies that government shall not support or endorse a religion. Is greed and capitalism a religion? Because conservatives sure treat capitalism as if it were a religion.

    November 8, 2011 08:52 am at 8:52 am |
  4. Jules

    And the tax code can be fixed by when? And it shows an increase in revenue when? And it creates jobs when? If the answer isn't immediately something else has to be done.

    November 8, 2011 08:56 am at 8:56 am |
  5. texan

    The rich are holding on to their $$$$$ at ALL costs to insulate themselves for the long protracted Recession/Depression that`s likely comming. --– Same thing happened in the 20`s before the Great Depression. ---Look at history, folks.

    November 8, 2011 10:34 am at 10:34 am |