Washington (CNN) – The Republican co-chair of the so-called “super committee” trying to forge a major deficit reduction deal said Sunday that a two-step process is possible in which the bipartisan panel sets a figure for increased revenue from tax reform that congressional committees then set in legislation.
Texas Rep. Jeb Hensarling told CNN’s “State of the Union” that he remains hopeful for a comprehensive deal, but he made clear that an alternative could leave it to Congress to figure out how to implement results agreed upon by the 12-member panel made up of equal numbers of House and Senate Democrats and Republicans.
Washington (CNN) - The American people do not want Republicans to compromise on their opposition to any form of tax increase as part of a deficit reduction deal being negotiated with Democrats, veteran Sen. John McCain, R-Arizona, said Sunday.
“The principle of not raising taxes is something that we campaigned on last November and the results of the election was the American people don’t want their taxes raised and they wanted us to cut spending,” McCain said on CNN’s “State of the Union.” “They don’t want compromise.”
Read what other lawmakers said Sunday.