Republicans in the Senate and Republicans in house is standing over a debt strategy that can both increase the debt ceiling and demand large spending cuts. The solution must be able to pass in both houses of Congress, something that the Republican senators, who hold minority, are clearly worried.
Senate Minority Leader Mitch McConnell (R-KY), Parliament asked for a short-term, small scale budget reform than that proposed by Paul Ryan on Tuesday, but were met with lots of resistance from House majority leader Eric Cantor (R-VA), who claimed, "if we cannot get the tough decisions now, why would … [vi] make these tough decisions later." He later told reporters, "I do not see how multiple votes on a debt ceiling increase might help get us where we want to go. It is my position that we do this once. … Defer tough decisions is not what people want in this city. "
Congressional Republicans stance against tax increases are still quite unanimously, while most of the disagreements on spending cuts. POLITISKS David Rogers believes the Mcconnells request for smaller volumes of budget reform suggest a fear not to do so will jeopardize the GOP agenda to prevent tax increases. Rogers says that Cantor and Boehner, while equally against tax increases, are willing to risk it. But as Vice President Joe Biden continues to remind Congress that any bill will require Democratic votes, such revenue proposal has become a major topic of discussion.
House bill cutting discretionary spending enough to create $ 2.6 trillion in ten years, but $ 1.04 trillion that depend on money saved from the drag out of the wars in Iraq and Afghanistan. Cantor is not entirely convinced that it can be guaranteed. "The first rule with me is that we must be honest with each other. We must make our case and not try to spin something that cannot stand on its own. Savings can be there, but they are not a product of the talks, "he said.
Member of the budget Chris Van Hollen (D-MD) made it clear that the Democrats will continue to fight for tax increases. "We are slogging through some very difficult issues. We may, in very serious talks, trying to get in some major issues. And we have also made it very clear that any balanced deficit mitigation plan includes revenue – we have come to get rid of pork barrel and tax legislation and special interest spending in the sales tax code. Who have been part of any deficit reduction deal, "he said.
Read more: http://www.politico.com/news/stories/0611/57494_Page2.html#ixzz1Pyd9QSnH
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