It’s an Old Democrat trick.. Show us you are sincere and raise taxes first and then we will Cut spending. Ronald Reagan fell for this as a Democratic Congress asked him to sign tax hikes under the promise that the Democrats would send spending cuts to his desk at a later date. Reagan never saw those Tax cuts. I submit that the GOP will never see real cuts from the Democrats either.
(Reuters) – Democrats want tax hikes to be the first item negotiated in “super committee” deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year’s budget fights, sources told Reuters.
The tough stance by Democratic members of the powerful 12-member congressional panel reflects the party’s wariness that Republicans might try to sideline the issue of revenue increases in the negotiations.
“They’ve raised the idea of doing taxes first,” a Republican aide involved in the discussions said on Friday on condition of anonymity.
The panel has the task of finding ways of cutting the deficit by at least $1.2 trillion over 10 years. If it fails to agree on a plan by November 23, automatic spending cuts will be triggered, beginning in 2013.
If Democrats hold firm to their demand for taxes to be discussed first, that could make it hard for the committee to make the tight November deadline. Congress is due to vote on the panel’s recommendations by December 23.
Another congressional aide, who also did not want to be identified, confirmed that among Democrats, “there is an effort to try to discuss revenues” now.
During the super committee’s initial closed-door meetings, “Republicans wanted to just talk about spending cuts and Democrats said, ‘No,'” the aide said.
via Exclusive: Democrats push tax hikes first in deficit talks | Reuters