McConnell: Oil tax break repeals off the table in deficit talks with Biden

Source: The Hill

Senate Minority Leader Mitch McConnell (R-Ky.) said Sunday that Republicans won’t discuss nixing tax breaks for major oil companies as part of fiscal reform talks with Vice President Joe Biden.

“That's not the kind of thing we're going to be dealing with here in connection with the serious talks that are going on with the Vice President's group,” McConnell said on CNN’s “State of the Union.”

Biden and a bipartisan group of Capitol Hill lawmakers are in talks aimed at striking a deal on deficit reduction. The discussions come ahead of a looming deadline this summer for an agreement between the Obama administration and Congress to raise the nation's debt ceiling.

McConnell’s comments come as Democrats are pressing to repeal of billions of dollars worth of industry tax breaks and apply the savings to deficit reduction.

Read more: http://thehill.com/blogs/e2-wire/677-e2-wire/161289-mcconnell-oil-tax-break-repeals-off-the-table-in-deficit-talks-with-biden

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Of course, Republicans will get a free pass for demanding cuts to Medicare while also insisting on protecting the rich and oil companies. After all, they can make the elitist talking point that the rich are the most productive, important people in the Nation without any backlash.

has no place in politics

on spending cuts vs. tax increases. I'm concerned with this idea that they just get to take any issue off the negotiating table they see fit. If I was Joe Biden I would tell McConnell to fuck off and come back when they want to get serious. I'd make sure everyone knows about it too.

...still portrays them, not Democrats, as serious about addressing our long term debt. Read any story, and the narrative is that Republicans are forcing Democrats to deal with the long term debt, thus Republicans are fiscally responsible even as they take taxes off the table and flirt with default. This is complete bullshit, yet the corporate media plays this narrative over and over again.

I call it extortion, they call it a line in the sand. Remember that all Republican members of the Senate, even the purported moderates, signed a letter indicating their willingness to refuse to vote on any legislation in the lame-duck session of Congress until all the Bush tax cuts were extended.

Now after that Congress did approve the new Start treaty, repealed "don't ask, don't tell," and Senator Lindsey Graham (R-SC) complained that "Harry Reid ate our lunch." But the 'cans did extract the concession on the tax cuts.

....that's a good place to start.

Ever wonder what he did that his chin got ground off?

"Too bad about you American sucker taxpayers. Why don't you just STFU and pay our fair share for us. As usual. Smirk. Sneer."

- Republicons, Inc. (R)

The Republicans in Congress say they want to reduce the deficit, but refuse to consider repealing tens of billions of dollars in tax breaks for oil companies raking in record profits with gas prices over $4/gallon. They also refuse to consider repealing the job-killing Bush tax breaks for millionaires, preferring to instead privatize Medicare and Social Security, putting the future of our seniors in the hands of health care executives and wall street bankers.

at the top of the Oil Food Chain - corporate welfare

And who does McConnell think he is? We have the better position as the Repukes would cause the defaults.

The Dems should make their case with the people and let the Repukes make their mistakes on their own.

get corporations off the dole -- !!

is off the table. One cannot possibly balance a budget
without considering revenue and expenditures. It is not
possible to derive two unknowns from only one known.

"Liberalism, is trust in the people tempered with prudence,
Conservatism is distrust of the people tempered with fear."
Wm. Gladstone

despite claiming to want to reduce it. What a fucking bunch of hypocrites. They won't reduce spending on ultra-rich oil companies, but they're desperate to cut Medicare that keeps people alive.

:banghead:

Get bent, TurtleFace

do you honestly believe that exxon, one of the wealthiest corporations in the history of the world, who can buy and sell senators the way average people buy and sell cars, would allow their free payday to vanish?

Pul-eeeeze.