Have republicans to leave tax loopholes in place, and youd rather have those and live with all these david, thats just nonsense. If he had a plan, why wouldnt Senate Democrats go ahead and pass it . The house has acted twice over the last 10 months to replace the sequester. If were going to the president got his tax hikes on january 1. If were going to get rid of loopholes, lets lower rates and make the tax code fair for all americans. Lets talk about that for a second because this can get complicated but its an important point. If most republican economists believe that tax loopholes is actually tax spending, its actually spending in the tax code. Thats correct. So if you like defense spending, and thats going to be cut arbitrarily, you would agree that this is stealth responding in the tax code, why not give on this . Why not allow some revenues to come from tax reform, you protect defense spending and unlock the key to getting the entitlement cuts the president says he would give yo
Again, and the president has laid this out. He is serious about tackling the longterm spending problems, including dealing with medicare. But he said it here. Theres an iron clad rule that republicans have, no new revenue. Or there can be no deal. David, the president got 650 billion of higher taxes on the American People on january 1. How much more does he want . When is the president going to address the spending side of this . But simpson and boles, who a lot of people around here think its really the paradigm, had a look at longterm Debt Reduction and they wanted a lot more revenue. You say he got his revenues, end of topic, he got 600 billion. You yourself said we got 99 of the bush tax cuts extended. Thats a pretty good deal. So you didnt have to give up a lot for that. Only 18 of the bush tax cuts were rescinded with that 600 billion there was no but wait a second. You committed to more in the way of revenue just last december. But the president and i never came to an agreement.
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