Revenue must be part of any budget deal: Senator Reid

Comments (29)
Harry079 wrote:

“singling out tax breaks for oil companies and corporate jets as examples of loopholes he would close.”

From what I understand a large portion of the tax breaks for oil companies are for the “Mom & Pop” operations. So I would suggest the any oil company that has over $1 billion in annual sales not be qualified for the tax breaks whatever they are.

As far as the Corporate Jet issues goes as long as all the layoffs are at manufactures in the Senators Reids state.

Feb 03, 2013 2:48pm EST  --  Report as abuse
Harry079 wrote:

Harry Reid can start with Aerion SBJ based in Reno, Nevada that is developing a Super Sonic Business Jet and is a contributor to his campaign.

Feb 03, 2013 3:05pm EST  --  Report as abuse
speaker12 wrote:

So, the voice from out of the slime, speaks again. This man is a disgrace to the Senate and to our Nation. Nice job Vegas.

Feb 03, 2013 3:25pm EST  --  Report as abuse
WJL wrote:

The solution is so obvious. Cut defence spending by 75% and entitlements by 15% and the budget will create a surplus for running down debt.

Feb 03, 2013 3:39pm EST  --  Report as abuse
arynolds wrote:

Revenue. Word used by democrats to avoid using the word “tax” when they are advocating tax increases. Loophole. Word to be used in conjunction with “tax” when referring to legal deductions.

Feb 03, 2013 3:57pm EST  --  Report as abuse
KDupre wrote:

Democrats are monotonous parrots always saying the same thing, Spend and tax, spend and tax, spend and tax. They’re constitutionally unable to admit there is a spending and debt problem. They go ballistic if they’re told about overspending and too much debt.

Feb 03, 2013 4:09pm EST  --  Report as abuse
wthcares wrote:

Reid makes me think of early Aerosmith.. Same Old Story (same old song and dance). Give ‘em an inch and they come back wanting even more in order to satisfy the original “deal.” This man needs to go, that “accident” almost saved us!

Feb 03, 2013 5:09pm EST  --  Report as abuse
ARJTurgot2 wrote:

Let’s do a deal. I will agree to consider a tax increase if we indict Harry for all the scuzzy deals he’s been involved in.
Really, people that support Reid and Pelosi can know nothing about how these two operate, or they are in on the scam.

Feb 03, 2013 5:20pm EST  --  Report as abuse
Loucleve wrote:

oh, of course, MORE REVENUE must always and forever be the democratic mantra.

Mo free stuff!

Feb 03, 2013 5:53pm EST  --  Report as abuse
bates148 wrote:

Steal more from the working class and give more free money out to those who can’t keep their hands in their pockets. Sounds like the answer to all our problems.

Feb 03, 2013 6:51pm EST  --  Report as abuse

If I were to look at a baby and declare “You belong to me for your entire life. You will forfeit whatever percentage of wealth you ever acquire from cradle to grave. You will enjoy what freedoms I decide to bless you with and any dissatisfaction you show may land you in prison or dead, depending on my laws which I implement.”, would I be able to call such a situation “revenue” or would it just be good old fashioned theft under a new name, hidden underneath 5 layers of “For your own good”?

Feb 03, 2013 7:00pm EST  --  Report as abuse
MassResident wrote:

$85 billion in cuts when we are borrowing $1,000 billion every year is pocket change. Tell him to come back when he has some serious cuts to offer, like perhaps $500 billion, and it will be worth discussing a tax increase to close the rest of the deficit. The “sequester” is too tiny to be wasting time discussing. Besides, half of the “cuts” are just reductions in the annual increases in spending. The Economist published charts showing the real size of the cuts in various programs and they were tiny. Even defense was only losing 5% and that could be covered by getting out of Afghanistan before we are run out like the British were.

Feb 03, 2013 7:06pm EST  --  Report as abuse
ponder wrote:

Reid is another Democratic clown in the Senate. Didn’t we just increase taxes at the last fiscal cliff which he approved with no dissent? Does he have amnesia, or is he just stupid? Betwn him and the other clown in the WH, the country will suffer.

Feb 03, 2013 7:28pm EST  --  Report as abuse
usagadfly wrote:

Minimum tax payments should be set for a company to be legally considered “American”, no matter where the corporate charter is issued. This includes protection of American law and of American military force. We do not need corporate freeloaders who involve themselves in our politics but not in our national financing. Non-Americans, including organizations, should be totally banned from making direct or indirect contributions to US politicians or political entities. That should include the hiring of lobbyists.

Foreign fingers out of our business!

Feb 03, 2013 8:02pm EST  --  Report as abuse
astroz wrote:

Most of the American people want a future, and that means a balanced budget NOW. Federal spending is now at the highest levels per GDP since WWII. Where does the need for more revenues end? We have a spending problem Harry. Fix the spending problem!

Feb 03, 2013 10:21pm EST  --  Report as abuse
jorge62 wrote:

What else do you expect from Democrats. They do not know how to fix the economy and resort to the only thing they know how to do – raise taxes.

Feb 04, 2013 12:20am EST  --  Report as abuse
rakeshdry wrote:

Someone better tell Harry that he got dis-invited from the negotiations when Biden took over as they were about to go over the cliff.. While his position on revenues may pander to his constituency and the media, his view is irrelevant because not only is he not in control of the process, it contradicts the spirit of the agreement democrats made to avoid the cliff.

Feb 04, 2013 1:21am EST  --  Report as abuse
Sensibility wrote:

“We believe we should fill those tax loopholes — get rid of them, I should say. And that’s where we need to go,” Reid said.

Reid is an idiot, but he’s absolutely right on this. This is exactly the kind of tax reform (and compromise) we need. Close those loopholes. He can call it “more revenue”, Republicans can call it “cutting spending”. It’s a win-win.

Feb 04, 2013 8:35am EST  --  Report as abuse
AZreb wrote:

Drive through Searchlight, NV, Reid’s home town and you will see how it makes money – speed traps! Not surprising he uses the same tactics in our economical problems.

Feb 04, 2013 8:48am EST  --  Report as abuse
xyz2055 wrote:

AZreb…ever driven the highway north of Oracle Junction, Az to Mammonth, Az? Speed limit is 55..drive 1 mile over that limit at your peril. Speed traps are the favorite source of revenue for small communities.

Feb 04, 2013 9:12am EST  --  Report as abuse
Cyberblunt wrote:

I actually hate Harry Reid.

Feb 04, 2013 9:48am EST  --  Report as abuse
jaham wrote:

Oh, how I wish we had THIS Barrack Obama as President:

“Mr. President, I rise today to talk about America’s debt problem. The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government’s reckless fiscal policies. Over the past five years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ‘‘trillion’’ with a ‘‘T.’’ That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next five years, between now and 2011, the president’s budget will increase the debt by almost another $3.5 trillion. Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the federal government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America. And the cost of our debt is one of the fastest growing expenses in the federal budget. This rising debt is a hidden domestic enemy, robbing our cities and states of critical investments in infrastructure like bridges, ports and levees; robbing our families and our children of critical investments in education and health-care reform; robbing our seniors of the retirement and health security they have counted on. Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities. Instead, interest payments are a significant tax on all Americans — a debt tax that Washington doesn’t want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible fiscal policies. But we are not doing that. Despite repeated efforts by Senators Conrad and Feingold, the Senate continues to reject a return to the commonsense pay-go rules that used to apply. Previously, pay-go rules applied both to increases in mandatory spending and to tax cuts. The Senate had to abide by the commonsense budgeting principle of balancing expenses and revenues. Unfortunately, the principle was abandoned, and now the demands of budget discipline apply only to spending. As a result, tax breaks have not been paid for by reductions in Federal spending, and thus the only way to pay for them has been to increase our deficit to historically high levels and borrow more and more money. Now we have to pay for those tax breaks plus the cost of borrowing for them. Instead of reducing the deficit, as some people claimed, the fiscal policies of this administration and its allies in Congress will add more than $600 million in debt for each of the next five years. That is why I will once again co-sponsor the pay-go amendment and continue to hope that my colleagues will return to a smart rule that has worked in the past and can work again. Our debt also matters internationally. My friend, the ranking member of the Senate Budget Committee, likes to remind us that it took 42 presidents 224 years to run up only $1 trillion of foreign-held debt. This administration did more than that in just five years. Now, there is nothing wrong with borrowing from foreign countries. But we must remember that the more we depend on foreign nations to lend us money, the more our economic security is tied to the whims of foreign leaders whose interests might not be aligned with ours. Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.”

- Senator Obama , March 16th, 2006

Feb 04, 2013 10:46am EST  --  Report as abuse
4ngry4merican wrote:

Sensibility wrote: “Reid is an idiot, but he’s absolutely right on this. This is exactly the kind of tax reform (and compromise) we need. Close those loopholes. He can call it “more revenue”, Republicans can call it “cutting spending”. It’s a win-win.”

This is indeed sensibility, Sensibility.

Feb 04, 2013 1:13pm EST  --  Report as abuse
xyz2055 wrote:

jaham..you and your brother stambo fail to recognize the differences in the economy of 2006 and 2013. Our country was in great shape in 2006. We SHOULD have been cutting spending. But the Republicans were spending money like drunken sailors. In 2013 we are trying to repair all the damage done between 2000 and 2008.

Feb 04, 2013 2:33pm EST  --  Report as abuse
brotherkenny4 wrote:

The GOP proposes cuts to miniscule portions of the budget, and ones clearly only having to do with their extreme social agenda, and then the minions get on the internet and blog about the dems

Feb 04, 2013 4:06pm EST  --  Report as abuse
elsewhere wrote:

How about a 10% across the board cut by all departments and agencies of the federal government and making any welfare means tested to only 100% of poverty which would be defined to income of 20K per person? That means test would be for all sources of income federal, state, local and outside sources like religious organizations. What about creating a job climate that would allow business to hire which would bring revnue up substantially. No we can’t be rational, we have to raise taxes so says the little guy from Nevada. How about cutting the staff and salaries of elected govenment officals? How about..well I could go on but you realize the government created all the problems and now they are campainging against them.

Feb 04, 2013 5:59pm EST  --  Report as abuse
TheNewWorld wrote:

@xyz2055

Explain campaign trail 2008 Obama.

The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.

Feb 05, 2013 5:28am EST  --  Report as abuse
Vis_Viva wrote:

It’s going to keep going like this until the people who make 90% of the wealth pay 90% of the taxes. That old Republican canard where the whole world lives on a ranch and fights off Injuns like John Wayne is dead. No one can deny the entirety of society any longer, and society is pay to play. Daniel Boone is dead. Jeremiah Johnson is dead. The Duke is dead. It’s time we acted like people who are connected to each other rather than 300 million people who showed up to the same Black Friday sale and can’t wait to step over the prone bodies of everyone else and get that first cheap flatscreen.

Feb 05, 2013 10:29am EST  --  Report as abuse
Vis_Viva wrote:

It’s going to keep going like this until the people who make 90% of the wealth pay 90% of the taxes. That old Republican canard where the whole world lives on a ranch and fights off Injuns like John Wayne is dead. No one can deny the entirety of society any longer, and society is pay to play. Daniel Boone is dead. Jeremiah Johnson is dead. The Duke is dead. It’s time we acted like people who are connected to each other rather than 300 million people who showed up to the same Black Friday sale and can’t wait to step over the prone bodies of everyone else and get that first cheap flatscreen.

Feb 05, 2013 10:29am EST  --  Report as abuse
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