While we are still learning the complete details of the President’s new tax proposals, allegedly to be used to reduce the debt and deficit, some in the Senate have already offered their thoughts.
As to the idea to reduce the “subsidies” to “big oil and gas”, we hear this from Senator Mary Landreau (D. La).
That offset is not going to fly, and [Mr. Obama] knows that,
and this from Senator Mark Begich (D. Ak.),
Just picking out one industry is not acceptable.
Next we have Senator Chuck Schumer (D. N.Y.) who states,
$250,000 makes you really rich in Mississippi, but it doesn’t make you rich at all in New York…
Here is what Senator Ben Nelson (D. Neb.) has to say,
Tax increases have to come second to cutting [spending]…I was just home over the weekend and that’s what [my constituents] were talking about.
Senator Tom Carper (D. De.) said,
I think the best jobs bill that can be passed is a comprehensive long-term deficit-reduction plan. That’s better than everything else the president is talking about combined.
And this from Senator Jim Webb (D. Va.), who calls the President’s tax proposals,
…’terrible’ adding ‘[w]e shouldn’t increase taxes on ordinary income…[t]here are other ways to get there.
And, finally, Senator Joe Lieberman (I. Ct.) says the President’s plan,
…doesn’t represent the kind of comprehensive tax reform, entitlement reform and spending reduction that we need to get our country back into balance. And to me, therefore, it doesn’t pass the test. And I don’t think it can be passed.
So, the next time you hear that it is the pesky Republicans, or the pesky Tea Party that is standing in the way, blocking the President’s every turn, remember the above quotes. They are not exactly a ringing endorsement for the President’s proposals.