Senate Democrats: McConnell 'out on a limb' for denying openness to closing tax loopholes

Senate Democrats are attacking Senate Minority Leader Mitch McConnell as being out of touch with other Republicans for denying that GOPers are open to closing tax loopholes and ending subsidies as a compromise on raising the debt ceiling.

"McConnell's out on a limb on revenues," says a new web video released by Senate Majority Leader Harry Reid's office, which Democrats plan to publicize Thursday morning. "Republicans are sawing it off."

The video highlights quotes from a number of Republican senators who suggested openness to closing loopholes and ending subsidies in a debt ceiling increase deal as a compromise between Democrats who have called for additional revenues in the deal and Republicans who have vowed to not raise taxes.

The video cites Sen. John McCain (R-Ariz.) who said on Sunday that there are "certain revenue raisers and other areas" that Republicans and Democrats could use to hammer out a increase deal.

"Jon Kyl [(R-Ariz.)] was in negotiations, as you know with the vice president, and he said there were certain revenue raisers and other areas that perhaps we could work on, but to somehow say that we weren't going to raise Americans' taxes — anybody's taxes, I think, is a principal we promised the American people last November and that we're going to stick to," McCain said on CNN.

The video came the same day that House Majority Leader Eric Cantor (R-Va.) said that the GOP is open to agreeing to closing the loopholes and ending the subsidies as long as the final deal's revenues are used to reduce other taxes. 

Watch the video below: