Are Tax Increases More Important to Democrats Than Avoiding Default? Reid Won’t Say

BY JOHN MCCORMACK, The Weekly Standard

Majority Leader Harry Reid and the rest of the Democratic leadership held a press conference in the Capitol today with Treasury Secretary Timothy Geithner to warn of the financial calamities–market turmoil, cuts to seniors and the troops–that they say will occur if the debt ceiling is not raised by August 2.

If the consequences of raising the debt ceiling are so dire, why are Democrats insisting on a deal that includes tax increases?

Would Senate Democrats at least allow a vote on a debt ceiling deal that cuts spending without raising taxes? At today’s press conference, Harry Reid refused to say:

TWS: If the House were to pass a bill that raised the debt ceiling $2.4 trillion, but just included cuts and no revenue increases, would you allow a vote on that bill?

REID: I am not going to get into a bunch of hypotheticals. If I answer your hypothetical, I’m going to have to answer another 45 hypotheticals.

To read more, visit:  http://www.weeklystandard.com/blogs/are-tax-increases-more-important-democrats-avoiding-default-reid-wont-say_576862.html

Short URL: https://reteaparty.com/?p=2652