Rep. Frank Wolf (R-Va.) is one of just six Republican in Congress who haven’t signed Grover Norquist’s anti-tax pledge. On the House floor Tuesday, he attacked Norquist for single-handedly enforcing this hard line within the GOP, creating a destructive impasse in the legislative process. “Everything must be on the table and I believe how the…
Tag: debt
CHART: Obama Economic Plan Raises Less Revenue Than Plans Conservatives Support
“If we’re just going to do class warfare and get tax increases out of this, then I don’t think much will come of it,” said House Budget Committee Chairman Paul Ryan (R-WI). The press, meanwhile, described Obama’s plan as “[giving] his liberal critics exactly what they wanted,” and “a direct appeal to his…
Obama: I’ll Veto A ‘One-Sided Deal,’ It’s Time ‘To Do What’s Right’
Saying that “Washington has to live within its means” and that lawmakers must “cut what we can’t afford to pay for what really matters,” President Obama just introduced what he says is a plan to cut an additional $3 trillion from budget deficits over the next decade. And he vowed to veto any…
Google chairman on economy: ‘The current strategy is ludicrous’[video]
Christiane Amanpour’s Sunday interview with Google chairman Eric Schmidt is attracting an unusual amount of notice. Mike Allen excerpted it in Playbook, and Kevin Drum asked, “Why don’t more CEOs talk like this?” If you watch the clip, you’ll see why: it’s a refreshingly clear and analytical take on what’s holding back American business. via…
A Potential Superhero For The Supercommittee
At one point, Arizona Republican Sen. Jon Kyl suggested that the government might raise money by tackling Medicare fraud or by selling public lands. “I’m not against our working with you on any issue that you want us to work with you on,” Elmendorf said. “But there’s no evidence that suggests that this…