Friday, July 8, 2011

Obama Outbids Kyl on Deficit Reduction

Posted By on Fri, Jul 8, 2011 at 11:00 AM

The New York Times reports that Arizona Sen. Jon Kyl backs away from a deal to shave $4 trillion from the deficit because it involves tax hikes:

For all the battles over the budget, the meeting on Thursday was, by all accounts, cordial and businesslike. Mr. Obama, seated between Mr. Boehner and the Senate majority leader, Harry Reid of Nevada, told the lawmakers he would not sign an interim deal, only one that extended through the 2012 election.
Then he surveyed the eight leaders about their preference for three deals of different sizes — the largest being up to $4 trillion in deficit reduction over the next decade, according to aides briefed on the discussion.

Six of the eight expressed their support for the biggest deal, the aides said. But Representative Eric Cantor, the House majority leader, and Senator Jon Kyl of Arizona, the ranking Republican on the Senate Finance Committee, favored the midrange $2 trillion, voicing doubts about how they could sell a $4 trillion deal to their rank and file, officials said, since it would involve tax increases.

Sen. Kyl: If you're serious about deficit reduction, you need to show some leadership within your party.

Tags: , , , ,

Comments (4)

Showing 1-4 of 4

Add a comment

 
Subscribe to this thread:
Showing 1-4 of 4

Add a comment

More by Jim Nintzel

  • Editor's Note

    Fourth and Goals
    • May 17, 2018
  • The Skinny

    The Congressional District 2 democratic showdown
    • May 17, 2018
  • The Skinny

    Class Warfare and Other Notes 13 Takeaways from the 2018 Legislative Session
    • May 10, 2018
  • More »
Today | Tue | Wed | Thu | Fri | Sat | Sun
Meditation and Buddhist study

Meditation and Buddhist study @ Sky Island Zen

Tuesdays, Saturdays

All of today's events | Staff Picks

Staff Pick

Plant Low-Cost Trees for Energy Efficiency

Customers of Tucson Electric Power Company or Trico Electric Co-op qualify for native shade trees to plant… More

Ongoing

» More Picks

Submit an Event Listing

Popular Content

  1. Cinema Clips: Cargo (The Range: The Tucson Weekly's Daily Dispatch)
  2. Arlo Needs a Home (The Range: The Tucson Weekly's Daily Dispatch)
  3. A Georgia College That Holds Onto, Then Graduates Its Minority Students (The Range: The Tucson Weekly's Daily Dispatch)
  4. UA's 'Freedom School' Isn't Free Of Costs Or Hiring Restrictions (The Range: The Tucson Weekly's Daily Dispatch)
  5. Laughing Stock: Laff’s and Tears, Plus New Mics (The Range: The Tucson Weekly's Daily Dispatch)

© 2018 Tucson Weekly | 7225 Mona Lisa Rd. Ste. 125, Tucson AZ 85741 | (520) 797-4384 | Powered by Foundation