2016 Postmortem
Related: About this forumMcCain 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.
Im 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, Ive 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.
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http://www.bloomberg.com/news/print/2013-03-22/mccain-praising-obama-backs-revenue-compromise-on-budget.html
vi5
(13,305 posts)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.
demwing
(16,916 posts)I'm taking crazy pills here!
Cali_Democrat
(30,439 posts)When push comes to shove, the GOP will oppose closing any of these special loopholes and deductions for the wealthy.