Budget talks breakdown as Cantor pulls the plug

#1
lawgator1

lawgator1

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#1
Cantor walked out on the negotiations, apparently over the issue of taxes. Meetings set for tomorrow cancelled.
 
#2
#2
I would have walked out too if someone wanted to spend their way out of a spending problem.
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#4
#4
lawgator1 said:
Cantor walked out on the negotiations, apparently over the issue of taxes. Meetings set for tomorrow cancelled.
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Your post is straight to the point and only factual.

You losing your touch?
 
#6
#6
My understanding is that Cantor hasn't really pulled the plug on anything, he's just stepped back and talks are still ongoing between the White House the Speaker.
 
#7
#7
I'd probably walk out of the room if I had to spend more than 5 minutes with Joe Biden.
 
#8
#8
GAVol said:
My understanding is that Cantor hasn't really pulled the plug on anything, he's just stepped back and talks are still ongoing between the White House the Speaker.
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Wait, you mean LG spun this? No way...
 
#9
#9
Spin control now by both sides, and in fact a few more sides. Cantor says that any tax "increase" will have to be done in negotiations with Boehner, not him, thereby simultaneously washing his hands of any tax issue and placing blame for that on Boehner. Pelosi & Co. say its not a tax "increase," its reduction in prior tax breaks for the wealthy and for oil companies. White House says this is par for the course and that now that they are down to the big issues the negotiation has to move to Obama and Boehner.
 
#10
#10
lawgator1 said:
Spin control now by both sides, and in fact a few more sides. Cantor says that any tax "increase" will have to be done in negotiations with Boehner, not him, thereby simultaneously washing his hands of any tax issue and placing blame for that on Boehner. Pelosi & Co. say its not a tax "increase," its reduction in prior tax breaks for the wealthy and for oil companies. White House says this is par for the course and that now that they are down to the big issues the negotiation has to move to Obama and Boehner.
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Everybody engages in talk like that but parsing words about a tax increase vs reducing a tax cut is unbelievable in the current economic climate. I almost wonder if Boehner is going to concede on the tax issue just so the GOP can fundraise off of it and use it to beat Obama over the head in 2012.

Can't believe the House will ever go along though. I think there are members that are fully willing to vote no and let everything burn down.
 
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#11
#11
GAVol said:
Everybody engages in talk like that but parsing words about a tax increase vs reducing a tax cut is unbelievable in the current economic climate. I almost wonder if Boehner is going to concede on the tax issue just so the GOP can fundraise off of it and use it to beat Obama over the head in 2012.

Can't believe the House will ever go along though. I think there are members that are fully willing to vote no and let everything burn down.
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Agree with bolded - drives me nuts. They're cuts - no they continuations of existing rates that were already cut. They're increases - no they are elimination of prior cuts. We are poorly served.
 
#13
#13
GAVol said:
Everybody engages in talk like that but parsing words about a tax increase vs reducing a tax cut is unbelievable in the current economic climate. I almost wonder if Boehner is going to concede on the tax issue just so the GOP can fundraise off of it and use it to beat Obama over the head in 2012.

Can't believe the House will ever go along though. I think there are members that are fully willing to vote no and let everything burn down.
Click to expand...

volinbham said:
Agree with bolded - drives me nuts. They're cuts - no they continuations of existing rates that were already cut. They're increases - no they are elimination of prior cuts. We are poorly served.
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So the "phrase" game bothers ya'll?:)
 
#14
#14
GAVol said:
Everybody engages in talk like that but parsing words about a tax increase vs reducing a tax cut is unbelievable in the current economic climate. I almost wonder if Boehner is going to concede on the tax issue just so the GOP can fundraise off of it and use it to beat Obama over the head in 2012.

Can't believe the House will ever go along though. I think there are members that are fully willing to vote no and let everything burn down.
Click to expand...

POTUS channel has reporter on who says Boehner appointed Cantor to this negotiation specifically as preemption against Cantor being able to complain on behalf of TPers when deal is inevitably brokered. Cantor will have tough time if he participated, and leaving gives him some room on this.

The old guard GOP versus the TPers, Round 3.
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#15
#15
The only way I would agree to a tax increase is if the ratio of real dollar cuts to real dollar tax increases was about $5 in cuts to $1 in tax increases ANNUALLY... no accounting tricks like "tax hikes now, cuts later".
 
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