Tax increases cannot pass the House because they are exactly the wrong move in this tough economic climate, yet Senate Democrats continue to push to raise taxes on the very small businesses we are expecting to create jobs. As economist Michael Boskin pointed out, “higher taxes more often led to recession.” Instead of hiking taxes, we need Democrats to join us on real spending cuts and pro-growth measures to get the economy going and get people back to work.
Senator Baucus “Made Clear” The Democrats’ Push For Tax Increases. Baucus made clear that the talks frayed over Democrats' insistence that tax increases of some sort be part of the final deal. (Talking Points Memo, 6/23/11)
- Senator Baucus Says Revenues “Must Be Included.” Senate Finance Committee Chairman Max Baucus, D-Mont., said that including tax increases on the wealthy is only fair ... "Revenues must be included so everyone can participate in addressing a critical national problem," Baucus said. (The Associated Press, 6/23/11)
Leader Reid: Debt Limit Cannot Be Addressed Without Revenue. Jim Lehrer: But it can't be done without revenue enhancement, in your opinion? Sen. Harry Reid: Well, it can't be done without revenue enhancement ... (PBS’ The NewsHour, 6/17/11)
Senator Conrad: Revenues Must Be A Part Of Deficit Reduction. Senate Budget Committee Chairman Kent Conrad (D-N.D.) blasted the GOP defections from Biden's group and accused Republicans of risking a debt crisis by refusing to negotiate with Democrats on tax increases. Republicans need to “get real” and acknowledge that the deficit “is a spending problem and a revenue problem," he said during remarks on the Senate floor. (The Huffington Post, 6/23/11)