May 24th, 2011
09:21 PM ET
12 years ago
Biden says increased revenue must be part of deficit reduction plan
WASHINGTON (CNN) - Vice President Joe Biden told bipartisan congressional negotiators Tuesday that additional tax revenues must be part of any deal to raise the nation's debt ceiling.
"I made it clear today that revenues will have to be in the deal," Biden said after a nearly three-hour meeting in the Capitol.
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Of course revenues will have to increase to fix are financial issues. We have two wars that are not paid for, we have a prescription drug plan that is not paid for, we have have eight years of tax re-deductions thats that paid for, plus a trillion dollar bailout not paid for, and numerous other things.
What no tax break for the rich? They can do that in DC? Do their corporate handlers know they are saying things like that?
Don't raise taxes, CUT LOOPHOLES AND DEDUCTIONS. Man, I can't wait for Elizabeth Warren to take the Senate Seat away from Brown in Mass. ha ha ha ha ha
Why not? The republicans called her a liar (which she is not) and intimated the job she should have would never be approved. She HAS to be productive. ha ha ha ha ha ha hah
Absolutely the tax code can be improved. You will find nobody that doesn't say it is a mess. It can be done responsibly and based on what America needs rather than what politics dictates.
But most important is that the debt ceiling is not raised just to have another one that needs to be raised in another year and a half. Lets not be so irresponsible with what we leave future generations. I think $14 trillion in debt is awful enough.
Simple fix: Repeal the Bush tax cuts. When the republicans go down in flames in 2012; the Bush tax cuts will go with them.
I TOTALLY agree on this one. I'm sorry my fellow Republicans, I myself do not mind paying a little more to help my country, however, I will only be OK with paying more if EVERYONE has to actually put forth money, I'm not for slackers riding the coat tails of the rich so they can have a free ride. America is a free country, but she needs our help to remain that way. As long as both sides give on BIG and small issues, I'm happy (If one side is happy and the other isn't, it's not good enough for me, but if both sides are mad, or happy, AWESOME!) HERMAN CAIN 2012!!!
America has a spending problem *and* a revenue problem. A ledger has two sides – focussing entirely on one while disregarding the other is a recipe for disaster. It is is mathematically impossible to reduce the deficit on spending cuts alone.
Fight That Fight...!
"revenues will have to be in the deal" – TAX and SPEND – TAX and SPEND – TAX and SPEND...
Hopefully the increased revenue can come from making the rich pay their fair share and from bringing back the good paying middle income jobs from Asia so the middle class can continue to be the backbone of this country