THE HILL
 
comment Print

Sen. Sessions demands new tax revenues be marked for deficit reduction

By Pete Kasperowicz - 11/26/12 11:25 AM ET

Senate Budget Committee ranking member Jeff Sessions (R-Ala.) said Monday that he and many other Republicans are looking for assurances from Democrats that the additional tax revenues they are proposing in the "fiscal cliff" talks would be used for deficit reduction.

But Sessions said on Fox News that so far, Democrats have not offered this assurance, which he said is making it difficult to advance the negotiations.

"Our Democratic colleagues, all they want to talk about is more taxes, more taxes and more revenue," Sessions said. "They are not telling us where the money is going. They're not assuring us that the money is going to be used to pay down the debt like it's suggested. So we need to see those numbers, what they plan, before any discussion is appropriate."

Sessions said he thinks "a lot" of Republicans are fine with the idea of flattening the tax code by eliminating some deductions for the wealthy, which could generate revenue without raising marginal income tax rates. But he reiterated several times that Democrats have not made it clear that they want to use this money for deficit reduction.

"They say it's for deficit reduction, but the President's budget that he submitted to us in January would increase spending another $1.4 trillion, whereas he's proposing now, I think, $1.6 trillion in new taxes," Sessions said.

"So if taxes are just ... for more spending, I think the American people need to say, 'no, you need to bring your house under control before we send you another dime.' "

For more on Sessions' comments, click here.


Source:
http://thehill.com/video/senate/269309-sen-sessions-new-tax-revenues-need-to-be-for-deficit-reduction

In the News

View all »
Bloomberg-backed group goes after Flake on gun controlBloomberg-backed group goes after Flake on gun control Obama campaign hits Romney on what he 'didn't say' in TampaObama campaign hits Romney on what he 'didn't say' in Tampa Gates defends Benghazi response, says critics have ‘cartoonish’ view of militaryGates defends Benghazi response, says critics have ‘cartoonish’ view of military Dem: IRS 'could affect everything else'Dem: IRS 'could affect everything else'
VIDEO: EU officials say trade deal must be comprehensiveVIDEO: EU officials say trade deal must be comprehensive Carney: 'FEMA has sufficient resources' to aid OklahomaCarney: 'FEMA has sufficient resources' to aid Oklahoma Sen. Ted Cruz: 'I don’t trust Republicans'Sen. Ted Cruz: 'I don’t trust Republicans' OFA launches new video series to promote immigration reformOFA launches new video series to promote immigration reform

More Senate videos

View all »
Sen. Ted Cruz: 'I don’t trust Republicans'Sen. Ted Cruz: 'I don’t trust Republicans' Coburn: Don't 'saddle' child victims of tornado with cost of federal aidCoburn: Don't 'saddle' child victims of tornado with cost of federal aid Sen. Mikulski belts out 'You are my sunshine' Sen. Mikulski belts out 'You are my sunshine' Senate holds moment of silence for victims of Okla. tornadoSenate holds moment of silence for victims of Okla. tornado
McCain predicts Hagel likely to get up-or-down Senate vote this weekMcCain predicts Hagel likely to get up-or-down Senate vote this week Rep. Cole: No ‘funding fights’ over tornado aidRep. Cole: No ‘funding fights’ over tornado aid Inhofe: Aid for Oklahoma tornado, Hurricane Sandy 'totally different'Inhofe: Aid for Oklahoma tornado, Hurricane Sandy 'totally different' Baucus on IRS: 'I have a hunch that a lot more is going to come out'Baucus on IRS: 'I have a hunch that a lot more is going to come out'
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.