Senator Reid Echoes the President: Raise Taxes Again

Senator Reid Echoes the President: Raise Taxes Again

Click here to read the full LA Times article below.

On ABC’s “This week”, George Stephanopoulos asked Senator Reid several questions regarding the current deficit problem.  The Senator’s response:  “We need to keep our eye on the prize and continue doing something about spending, but I think that what we need to do is do some of the things that Mitt Romeny talked about. He said there’s some low-hanging fruit; there are a lot of tax loopholes that should be closed. I agree with him.  We haven’t done that.”

While this might look like a nod to the Republican Party, it is not.  Governor Romeny mentioned closing loopholes as one example of a multipronged solution.  Republicans have already agreed to allow $700 billion in taxes cuts to expire.  The question here is when are we going to stop talking revenue and start talking spending?



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