Today, GOP Budget Chairman Paul Ryan drew a hard line at the first House-Senate Budget Conference meeting essentially taking revenue off the table. From BusinessWeek:
Democrats and Republicans clashed over reducing the U.S. debt by raising revenue as the first meeting of a bipartisan budget panel today revived fiscal disputes that have scuttled previous congressional efforts.
Republican Representative Paul Ryan said using the negotiations as way to raise taxes will doom the process as Democratic Senator Patty Murray urged replacing automatic spending cuts with a short-term budget that includes ending some tax breaks.
“If we look at this conference as an argument about taxes we’re not going to get anywhere,” Ryan said at the committee’s first meeting with 29 House and Senate members.
But perhaps all hope for a responsible, balanced compromised is not lost. A number of House Republicans are on the record supporting revenue increases to help reduce the deficit, grow the economy and end the damaging sequester.
Republican Rep. Tom Cole (R-OK):
“The reality is, you’re going to have to have a deal here…And a deal means everybody gives something up.”…
“Both sides would like to deal with the sequester,” Cole said. “And we’re willing to put more revenue on the table to do that…”
Republican Rep. Scott Rigell (R-VA):
“Revenues have to come up a bit because it’s a conservative principle that one generation pays for the goods or services that it benefits from,” Rigell said as he marked up a white board to explain his extensive calculation leading to the politically unpopular conclusion.
And 32 of the 40 House Republicans who signed a letter in 2011 to the Bipartisan Select Committee on Deficit Reduction in support of raising revenue as part of a compromise plan to reduce our deficit and strengthen our economy are still in office.
|Rep. Carter (R-TX)||Rep. Gosar (R-AZ)||Rep. Lummis (R-WY)||Rep. Roe (R-TN)|
|Rep. Coble (R-NC)||Rep. Grimm (R-NY)||Rep. Marino (R-PA)||Rep. Rooney (R-FL)|
|Rep. Cole (R-OK)||Rep. Hanna (R-NY)||Rep. McKinley (R-WV)||Rep. Simpson (R-ID)|
|Rep. Crenshaw (R-FL)||Rep. Harper (R-MS)||Rep. Meehan (R-PA)||Rep. Stutzman (R-IN)|
|Rep. Dent (R-PA)||Rep. Kelly (R-PA)||Rep. Nunes (R-CA)||Rep. Terry (R-NE)|
|Rep. Duncan (R-TN)||Rep. King (R-NY)||Rep. Petri (R-WI)||Rep. Whitfield (R-KY)|
|Rep. Fitzpatrick (R-PA)||Rep. Kingston (R-GA)||Rep. Reed (R-NY)||Rep. Wolf (R-VA)|
|Rep. Fortenberry (R-NE)||Rep. Long (R-MO)||Rep. Ribble (R-WI)||Rep. Young (R-AK)|
From the letter:
“To succeed, all options for mandatory and discretionary spending and revenues must be on the table.”
The American people agree.
It is time for both parties to come together to agree upon reasonable solutions that serve the best interest of the country and Democrats are committed to doing that. But to avoid another crisis, Republican leaders must be willing to compromise too, and drop their refusal to discuss new revenues such as closing wasteful tax loopholes.