The story appears on

Page A3

January 7, 2013

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » World

Senator says 'tax issue is finished'

SENATE Minority Leader Mitch McConnell yesterday ruled out raising tax revenues on top of the tax hike on the wealthy in the "fiscal cliff" deal, and said the full focus must now be on spending cuts to curb US deficits.

"The tax issue is finished, over, completed," the Kentucky Republican said on ABC's "This Week." "That's behind us. Now the question is what are we going to do about the biggest problem confronting our country and our future, and that's our spending addiction."

McConnell used the Sunday morning news shows to lay out his position in the upcoming fight over raising the US debt ceiling and funding the government that is expected to come to a head in March, just three months after the struggle to avert the January 1 fiscal cliff of tax hikes and spending cuts economists said could have brought a recession.

Republicans want big spending cuts in programs including Medicare health care for the elderly and the Social Security pension program as a condition for raising the US borrowing limit.

President Barack Obama has said he will not negotiate over the debt ceiling, arguing that Congress must pay the bills for spending it approved.

McConnell said the White House should start working with Congress immediately to determine spending, before the March deadline to raise the federal borrowing limit brings another fiscal crisis.

"We could do things very quickly, these are not new issues," he said on ABC.

Asked whether Republicans would threaten a US default in their press for spending cuts, McConnell said: "It's not even necessary to get to that point. Why aren't we trying to settle the problem? Why aren't we trying to do something about reducing spending?"

But Democrats say they will continue to push for more revenue as well as spending cuts.

"Well, if Mitch McConnell is going to draw the line in the sand, it's going to be a recipe for more gridlock," Representative Chris Van Hollen, a Maryland Democrat, said on "Fox News Sunday."

"As we go forward, we need to adopt the same framework as the bipartisan Simpson-Bowles commission, meaning, a combination of cuts and revenue," Van Hollen said, referring to the commission that presented a sweeping plan to cut deficits.




 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend