Tuesday, August 2, 2011

Harry Reid Promises Phase Two of Debt Ceiling Compromise Will Include Revenue Increases

Harry Reid claims there will be tax hikes revenue increases in the second phase of the debt ceiling deal or democrats will force the triggers to kick in.
(RCP)- “We’ve had too much talk the last few days of Republicans as early as this morning, Republican leaders in the Senate saying there will be no revenue. That’s not going to happen. Otherwise, the trigger is going to kick in. The only way we can arrive at a fair arrangement for the American people with this joint committee is to have equal sharing. It’s going to be painful. Each party if they do the right thing, it’s going to be painful for them because to be fair, we have to move forward. There has to be equal spending cuts, there has to be some revenue that matches that,” Sen. Harry Reid (D-NV) said on the floor of the Senate right before voting started on the debt deal.

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