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Purveyor

(29,876 posts)
Fri Mar 22, 2013, 11:23 AM Mar 2013

McCain Praising Obama Backs Revenue Compromise on Budget

By Jonathan D. Salant - Mar 22, 2013
Senator John McCain said Republicans should compromise and increase tax revenues as part of a “long-term grand bargain” on the budget, and praised President Barack Obama for reaching out to senators across the aisle.

“I’m open -- have always been open -- to closing loopholes, eliminating special deals for special interests,” McCain, of Arizona, said in an interview on “Political Capital With Al Hunt,” airing this weekend on Bloomberg Television. “If you call that, ‘raising revenues,’ I’ve been guilty all my political career” of trying to cut special-interest loopholes.

Obama and congressional Democrats want to combine higher revenues with spending cuts to replace the $1.2 trillion in automatic budget cuts that began taking effect March 1. Many Republicans, including House Speaker John Boehner of Ohio, have rejected tax increases, and the House last year voted to cut food stamps and other domestic programs rather than defense in order to avoid the reductions known as sequestration.

McCain, who lost to Obama in the 2008 presidential election, said that in contrast to his first term, the president “has changed significantly” and is reaching out to Republicans.

MORE...

http://www.bloomberg.com/news/print/2013-03-22/mccain-praising-obama-backs-revenue-compromise-on-budget.html

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McCain Praising Obama Backs Revenue Compromise on Budget (Original Post) Purveyor Mar 2013 OP
Well it must be a good deal, right? vi5 Mar 2013 #1
I feel like... demwing Mar 2013 #2
John is talking out of his ass again Cali_Democrat Mar 2013 #3
 

vi5

(13,305 posts)
1. Well it must be a good deal, right?
Fri Mar 22, 2013, 11:27 AM
Mar 2013

I mean if Mr. Bipartisan Maverick supports what Obama is offering then it must be a good deal. Because it would be bipartisan. And that would be grand.

 

Cali_Democrat

(30,439 posts)
3. John is talking out of his ass again
Fri Mar 22, 2013, 12:40 PM
Mar 2013

When push comes to shove, the GOP will oppose closing any of these special loopholes and deductions for the wealthy.

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