THE HILL
 
comment Print

Rep. Cole defends tax stance, downplays split with Speaker Boehner

By Daniel Strauss - 11/29/12 09:48 AM ET

GOP Rep. Tom Cole (Okla.) is sticking with his call for Republicans to accept a tax deal that would extend the Bush-era tax rates for all but the wealthiest Americans.

Cole had previously said that Republicans should sign off on a deficit-reduction deal that immediately extends tax rates for 98 percent of Americans and debate extending the rates for the top 2 percent later. His idea, though, was quickly shot down by Speaker John Boehner (R-Ohio).

On Thursday Cole defended his stance, but also downplayed any split with his party's leadership, saying the disagreement was really about tactics.

"I do think that where we agree on 98 percent, we should take that off the table so Americans don't have to worry about that," Cole said in an interview on CNN's "Starting Point."

"Look, at the end of the day this is a discussion among Republicans over tactics. It's not a division or debate," he added. "And the president would be well advised, if he's serious, to actually bring spending cuts and entitlement reform to the table. We haven't heard much of that, so I think that's really what's sparking Republican resistance."

Cole said that Republicans, including himself, were "united" with Boehner in not wanting to raise tax rates. He also said that agreeing to extend the rates for the 98 percent of U.S. earners would not cost the GOP bargaining power in deficit talks with Democrats.

"We know at the end of the day neither side wants to raise taxes on the average American. Let's just do that now and continue our discussion and debate," said Cole. "But there's plenty of leverage on our side in terms of the spending."

President Obama and Democrats are pushing for higher tax rates on the wealthiest Americans to help pay for a deficit-reduction package. Republicans have said they are open to new revenues, but are opposing any rate increases. GOP leaders have said they would like to extend the expiring Bush-era rates across the board, while Democrats would let the current lower rates expire for families making more than $250,000 a year.

Despite Cole's calls for extending middle-class tax rates, Boehner on Wednesday said the position was a non-starter. 

“I told Tom earlier in our conference meeting that I disagreed with him,” Boehner told reporters. “He’s a wonderful friend of mine and a great supporter of mine. But raising taxes on the so-called top 2 percent – half of those people are small-business owners that pay their taxes through their personal income tax filing every year. The goal here is to grow the economy and to cut spending.”

After Boehner's response, Cole said that he would support whatever deal Republican leaders reached with Democrats on tax rates.

"I'm one voice. I'm not king of the universe, and I support my Speaker," Cole said on CNN Wednesday evening. "I recognize he's the Speaker. I support my conference."


Source:
http://thehill.com/video/house/270039-rep-cole-stands-by-proposal-to-accept-obama-tax-deal

In the News

View all »
VIDEO: EU officials say trade deal must be comprehensiveVIDEO: EU officials say trade deal must be comprehensive Breaking down Obama's speechBreaking down Obama's speech Coburn: Romney donors fear they were targeted by IRSCoburn: Romney donors fear they were targeted by IRS OFA launches new video series to promote immigration reformOFA launches new video series to promote immigration reform
The firestorm continues The firestorm continues Bloomberg-backed group goes after Flake on gun controlBloomberg-backed group goes after Flake on gun control Boehner: 'The House is going to work its will on immigration'Boehner: 'The House is going to work its will on immigration' Gates defends Benghazi response, says critics have ‘cartoonish’ view of militaryGates defends Benghazi response, says critics have ‘cartoonish’ view of military

More House videos

View all »
Boehner: 'The House is going to work its will on immigration'Boehner: 'The House is going to work its will on immigration' Cantor: Obama will have to answer if 'pattern of abuse' emergesCantor: Obama will have to answer if 'pattern of abuse' emerges IRS official pleads the Fifth during House hearingIRS official pleads the Fifth during House hearing House GOP knocks healthcare reform in 'Arrested Development' spoofHouse GOP knocks healthcare reform in 'Arrested Development' spoof
Ousted IRS chief defends targeting of Tea Party as 'obnoxious,' not illegalOusted IRS chief defends targeting of Tea Party as 'obnoxious,' not illegal Top Democrat on Foreign Affairs panel calls for arming Syrian oppositionTop Democrat on Foreign Affairs panel calls for arming Syrian opposition ‘Inconceivable’ Obama didn’t know about IRS sooner, says Boehner‘Inconceivable’ Obama didn’t know about IRS sooner, says Boehner Dem: IRS 'could affect everything else'Dem: IRS 'could affect everything else'
Hilltube Twitter - Click to follow

More Videos »

More From The Web
bloglogo

More Briefing Room »

More Congress Blog »

More Pundits Blog »

More Twitter Room »

More Hillicon Valley »

More E2-Wire (Energy) »

More Ballot Box »

More On The Money »

More Healthwatch »

More Floor Action »

More Transportation »

More DEFCON Hill »

More Global Affairs »

More In The Know »

More RegWatch »

Get latest news from The Hill direct to your inbox, RSS reader and mobile devices.