Friday, November 04, 2011

New tax revenues

LawrenceWelk Boehner/HuffPo:

""House Speaker John Boehner said Thursday that any bipartisan agreement reached by the congressional deficit-reduction supercommittee will need to include some new tax revenue.

Most Congressional Republicans have signed a "taxpayer protection pledge" -- devised by the Grover Norquist-led group Americans for Tax Reform -- vowing not to raise taxes. When asked about Norquist on Thursday, Boehner dismissed him as "some random person in America" but later revised his comments to say that "Norquist, like millions of Americans, believes that raising taxes is not good for our economy."

According to CBS News, Boehner insisted that Republicans would only compromise on tax revenue if Democrats were willing to take significant steps to shore up entitlement programs."

"Without real reform on the entitlement side, I'm not even going to put any new revenue on the table," Boehner said. Entitlement programs include Social Security, Medicare and Medicaid.

Any new tax revenue would not come from raising rates, he said, but from overhauling the tax code, sweeping out loopholes and deductions in order to reduce individual and corporate rates.

"I do think that our efforts to have a flatter, fairer tax system, with our targets being 25 percent top rates for corporations, 25 percent top rates for individuals, is achievable," Boehner said. "That means you clean out all the garbage. I think it's very important that it get done.""

The little marian rat's breakin' a solemn promise to the Merican sheeple.

Speaking of rats, marian or otherwise, stay tuned for Willy Wartford starring in "Tumbleweed Vice Squad"...

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