McConnell: The tax revenue issue is “finished, over, completed”

posted at 12:41 pm on January 7, 2013 by Erika Johnsen

We are now officially in “extraordinary measures”-territory, i.e. we’ve hit our $16.4 trillion debt ceiling but the Treasury Department is using roundabout methods to service the debt until approximately the end of February, and the fiscal cliff fight was only the first of a multi-stage showdown. The debt-ceiling tussle is on par to get even uglier, and I’m not holding out hope that any of the punting and dithering on real reforms will be resolved before the very last minute. Again.

The parties are clarifying their second-round starting positions, and as Ed already summarized, the Democrats are looking for even more revenue to supposedly balance Republicans’ calls for spending cuts; House Minority Leader Pelosi magnanimously informed us on Sunday that raising taxes on higher earners is still “not off the table.”

Senate Minority Leader Mitch McConnell, however, reiterated his position that the question of ‘raising revenue’ ever further is nothing-doing, and that substantive spending cuts will be the order of the day:

STEPHANOPOULOS: Well, but — but the deadlines are approaching. And I think the president has said he’s willing to engage in more discussions over the sequester and the government shutdown, but that would also include new revenues. You say that the tax debate is over.

MCCONNELL: Oh, yeah, the tax — the revenue — the tax issue is finished, over, completed. That’s behind us. Now the question is, what are we going to do about the biggest problem confronting our country and our future? And that’s our spending addiction. It’s time to confront it. The president surely knows that. I mean, he has mentioned it both publicly and privately. The time to confront it is now.

The arguments abound over who has what leverage and how much of it, but this seems to be the starting-gate we’re looking at for the next round of political theater. Who’s pumped?

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I said WHOLESALE violations…as in they would have violated it a LOT more if not for the GOP…

easyt65 on January 7, 2013 at 2:02 PM

If it doesn’t your nom should stand for easy target 65.

Schadenfreude on January 7, 2013 at 2:04 PM

You need to remove the wool from your eyes. Until then, you are in no position to call anyone stupid.

Dante on January 7, 2013 at 2:00 PM

…so far I have been right on the money…and besides, I said, “you are quite possibly too $tupid”…not “you ARE DEFINITELY…”…

easyt65 on January 7, 2013 at 2:05 PM

Looky here, someone with a very narrow, boxed-in, establishment-approved spectrum.

Dante on January 7, 2013 at 1:59 PM

oh yeah, forgot independents/libertarians/moderates/neuters like Dante and HondaV65 are so pure they can argue on a plane no one else can achieve and vote for Obama to show how ideally pure they are and stuff.

I voted for Perot once, ain’t going there again Purebots.

DanMan on January 7, 2013 at 2:05 PM

I said WHOLESALE violations…as in they would have violated it a LOT more if not for the GOP…

easyt65 on January 7, 2013 at 2:02 PM
If it doesn’t your nom should stand for easy target 65.

Schadenfreude on January 7, 2013 at 2:04 PM

If telling the truth makes you a target, then you may be right. As my buddy says, ‘I don’t mind calling an ugly baby ‘ugly’.’ While criticized for brutal honesty, it doesn’t make the baby any uglier OR handsome, & it does little good lying to the mom telling her ‘it is the most beautiful baby ever’…

In the end, in regards to our economy, we either have a SPENDING PROBLEM or we have a REVENUE PROBLEM…

Obama says we don’t have a SPENDING problem…and then increases deficit spending & adds $3.8 trillion in new debt/deficit spending in a Tax bill sold as one intnded to DECREASE spending & pay off the debt slowly…and that is after adding $6+ Trillion in debt in only 4 years..(after calling Bush ‘Un-American’ for adding $4 Trillion over 8 (EIGHT) years while fighting 2 wars…)

NOW, THAT IS ONE ‘[email protected] UGLY BABY’!

easyt65 on January 7, 2013 at 2:13 PM

That notion presumes that Fox isn’t a complicate partner in the Fifth Column Treasonous Media.

SWalker on January 7, 2013 at 1:26 PM

It would be a perfect fit for him. “The Pigford Hour With Allen West.”

Mr. Arrogant on January 7, 2013 at 2:32 PM

mnjg on January 7, 2013 at 1:42 PM

Delusions are indignant. Wake up.

Schadenfreude on January 7, 2013 at 1:54 PM

Mr. Reality, wake me up when Obama issues such an executive order to raise taxes…

mnjg on January 7, 2013 at 2:38 PM

By operating under continuing resolutions since 2009, congress has approved roughly 1.8 trillion dollars in emergency spending ( more than the cost of both wars combined).

Kill the CR!!

can_con on January 7, 2013 at 2:41 PM

Wanna know who has the leverage?

When everyone realizes their taxes just went up, these low information voters will start doing a little research on their own. Thankfully, we won’t need a GOP politician who is capable of making a cogent argument as their are many others quite capable of informing these “class warfare” folks just what the increase in the top tax rate bought the U.S. – six to seven days, while at the same time destroying job creation. They will now begin to figure this out.

Watch the polls. This is a prime opportunity for us to take over the narrative.

gmerits on January 7, 2013 at 2:42 PM

We will see if the cowards ,aka the republican party, stick to this

sadsushi on January 7, 2013 at 2:57 PM

Keep floggin’ it, McConnell. You aren’t in charge of shit in the Senate and you’ve not got 5? fewer party members in the Senate Minority than before.

rayra on January 7, 2013 at 3:29 PM

Do the Republicans have leverage? For anyone paying attention the resounding answer is- yes.

We’ve had an entire, drawn-out debate about the fiscal cliff. If we are to believe the mainstream media, it was resolved by Republicans “caving” on taxes as several publications put it. The President celebrated an arrogantly told us how he “finally taxed the rich”.


Most Americans have seen their 2013 paycheck and the folks paid bi-monthly will see theirs on the 15th. The overwhelming response- “gee, this is much smaller than last year”. I thought he was only taxing the “rich”.


People understand there is a huge spending issue and they are in no mood to discuss taxes any longer. They’ve been lied to once as to how increase would only hit the “rich”. Problem is now most people (still working) have less in their paycheck.

Add to this Boehner’s pledge to no more private negotiations with the President and this all becomes public and messy.

This is a classic overplaying of one’s hand. The only thing missing is popcorn.

Marcus Traianus on January 7, 2013 at 3:31 PM

NOW, THAT IS ONE [email protected] UGLY BABY’!

easyt65 on January 7, 2013 at 2:13 PM

Indeed…but you contradict yourself.

Schadenfreude on January 7, 2013 at 4:12 PM