Biden says increased revenue must be part of deficit reduction plan
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.


Filed under: Debt • Joe Biden
soundoff (10 Responses)
  1. lola

    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.

    May 24, 2011 10:10 pm at 10:10 pm |
  2. Rev Mkell,

    What no tax break for the rich? They can do that in DC? Do their corporate handlers know they are saying things like that?

    May 24, 2011 10:12 pm at 10:12 pm |
  3. GI Joe

    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

    May 24, 2011 10:27 pm at 10:27 pm |
  4. Four and The Door

    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.

    May 24, 2011 10:27 pm at 10:27 pm |
  5. teabagged

    Simple fix: Repeal the Bush tax cuts. When the republicans go down in flames in 2012; the Bush tax cuts will go with them.

    May 25, 2011 12:03 am at 12:03 am |
  6. Brian

    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!!!

    May 25, 2011 03:26 am at 3:26 am |
  7. Chris

    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.

    May 25, 2011 04:54 am at 4:54 am |
  8. Tom Clay

    Fight That Fight...!

    May 25, 2011 06:55 am at 6:55 am |
  9. Free Man Republic of Texas

    "revenues will have to be in the deal" – TAX and SPEND – TAX and SPEND – TAX and SPEND...

    May 25, 2011 07:26 am at 7:26 am |
  10. jill

    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

    May 25, 2011 07:42 am at 7:42 am |