Republicans back new revenues in debt deal: Kyl

WASHINGTON Wed Jul 6, 2011 6:37pm EDT

U.S. Senate Minority Whip Jon Kyl (R-AZ) departs after meeting with a bipartisan group of lawmakers and Vice President Joe Biden to work on a legislative framework for comprehensive deficit reduction at the Blair House in Washington May 10, 2011. REUTERS/Jonathan Ernst

U.S. Senate Minority Whip Jon Kyl (R-AZ) departs after meeting with a bipartisan group of lawmakers and Vice President Joe Biden to work on a legislative framework for comprehensive deficit reduction at the Blair House in Washington May 10, 2011.

Credit: Reuters/Jonathan Ernst

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WASHINGTON (Reuters) - Republicans have tentatively agreed to between $150 billion and $200 billion in increased revenues in budget talks, Republican Senator Jon Kyl said on Wednesday.

"If the government sells something and gets revenue from it, that's revenue. If there is a user fee of some kind and we want to raise that to keep up with the times, that's revenue. And if you add up all of the revenues that we Republicans have agreed to, it's between $150 billion and $200 billion," Kyl said on the Senate floor.

(Reporting by Andy Sullivan and Richard Cowan; Editing by Philip Barbara)

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Comments (13)
USAPragmatist wrote:
WAYYYYY too little. They are trying to get out of this without any major concessions, I hope the Dems and Obama hold their feet to the fire. The amount of revenue increases should be equal to spending decreases.

Jul 06, 2011 6:16pm EDT  --  Report as abuse
0okm9ijn wrote:
political gamesmanship is a sport Republicans play well, now its the economy stupid!

Jul 06, 2011 6:39pm EDT  --  Report as abuse
affableman wrote:
They’re not going to show that they’re serious about the deficit until they are willing to raise taxes on the ultra-wealty and cut defense spending.

I know from experience that the DOD along with it’s contractors is the most corrupt, wasteful and inefficient department in the government but guess who supplies lots of money to Republican candidates?

Jul 06, 2011 6:39pm EDT  --  Report as abuse
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