SMRs and AMRs

Wednesday, August 10, 2011

Is the House G.O.P. Warming to Tax Increases?

By JENNIFER STEINHAUER
NYT

VIRGINIA BEACH, Va. -– While last month’s Congressional tangle over the debt ceiling suggested permanent partisan gridlock, signs are emerging that some House Republicans are opening the door to potential revenue increases, as Congressional leaders continued to name their members of a bipartisan committee charged with finding ways to tame the deficit.

In a town-hall-style meeting in Virginia on Tuesday night with four Republican House members – Scott Rigell, who represents the Virginia district where the meeting was held; Larry Bucshon of Indiana; Phil Gingrey of Georgia; and Phil Roe of Tennessee — audience members asked what, if any, revenues the representatives would accept as part of a final deal to cut deficits by at least $1.2 trillion over the next decade and pave the way for a second increase in the debt ceiling up to $1.5 trillion.

Of the four, three gave specific examples that they could possibly acquiesce to. Mr. Rigell – who had invited the other three House members to the meeting because it focused on health care and they are medical doctors – said he thought that at least a few forms of tax subsidies provided to oil companies should be on the table. Government should not subsidize one industry over another, Mr. Rigell said.

(More here.)

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