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VP Biden Wants Higher Taxes Included In Budget Agreement

May 26, 2011 by  

VP Biden Wants Higher Taxes Included In Budget Agreement

On Tuesday, Vice President Joe Biden told reporters new tax revenues must be a part of any agreement on legislation to raise the debt limit.

“I’ve made it clear today… revenues have to be in the deal,” Biden said, according to an Associated Press article on MSNBC’s website.

Biden, who is leading the budget negotiations in the so-called “Gang of Six,” a bi-partisan commission set up to trim the budget by $4 trillion, said the talks are moving toward a solution.

“We’re making progress,” Biden said. “Our Republican friends and the Democrats think we’re making progress. We’re confident that if we keep on this pace we can get to relatively large numbers.” However, Biden’s statement is in conflict with statements from Republican leaders, who previously said tax hikes were “off the table.”

The Vice President admits that in the initial legislation cuts will be below $4 trillion, but he is optimistic about meeting President Barack Obama’s goal of cutting the deficit by the full amount over the next 12 years.

“I think we’re in a position where we’ll be able to get well above a trillion dollars… in terms of what would be a down payment,” Biden said. “We’re going to be discussing trigger mechanisms and how… to get to $4 trillion.”

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  • Dan az

    Joe put down the check book and send back all the things you and your buddy bought and gave away,See how easy that is, and it didn’t take 12 years.Really its that simple stop spending what you don’t take in and vwala it balance’s.Joe you and Reid no to go to AA or is it SA (spending anonymous) maybe both.

    • Jana

      Dan az,
      You hit the nail on the head. Quit the spending. Quit acting like you are made of money Obama, cause you are not. You are spending the tax payers money.

      • Jana

        And, Biden isn’t the sharpest knife in the drawer.

  • spepper

    Biden is the perfect example of those on the left who just don’t get it because they refuse to accept the reality of just how revenue is created in the first place: business– private sector economy– individual entrepreneurship– that’s located here in America, not “overseas”– the more you tax and unionize them, the faster they will run away overseas– it is as simple as that, because it is human nature/survival instinct to do so, dammit!

  • JimH

    O.P.M.(other peoples money) as adictive as opium.
    Step away from the credit cards, Joe.

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