Barbour: I Can Accept Higher Taxes in Exchange for Entitlement Cuts

Tuesday, 11 Dec 2012 09:53 AM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
As controversy swirls around whether Republicans should accept higher taxes on the wealthy, former Mississippi Gov. Haley Barbour says that he can do so if Democrats agree to entitlement cuts in return.

“I would take raising the rates on the two top brackets if in return, we had tax reform laid out over a period of months, if we had entitlement reform,” he told MSNBC’s “Morning Joe” Tuesday.

“We gotta control defense spending, we gotta control other discretionary non-defense spending. I think if you have that whole package, I would hold my nose, despite the fact raising those two brackets is bad economics, bad for jobs, gonna hurt the economy. I would hold my nose to get the deal done.”

The former Republican National Committee chairman lit into President Barack Obama for proposing additional spending, such as an extension of unemployment benefits.

“He wants a whole bunch of new spending in whatever the deal is,” Barbour said. “That’s not what the American people thought the fiscal cliff was about. They thought it was about trying to have something to force our Congress to do something about our deficit and debt situation.”

Sen. Bob Corker, R-Tenn., an influential fiscal conservative, has taken a similar stance to Barbour’s on raising taxes. "There is a growing group of folks looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year-end," he told “Fox News Sunday.”

If Congress and the White House don’t act before then, $607 billion of tax hikes and spending cuts — the fiscal cliff — begins automatically Jan. 1.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mother Pleads to ISIS Leader for Son's Release

Wednesday, 27 Aug 2014 14:52 PM

The mother of an American journalist held captive by militant group Islamic State released a video on Wednesday appealin . . .

US Giving Syria Intelligence on Jihadists

Tuesday, 26 Aug 2014 10:57 AM

The United States has begun reconnaissance flights over Syria and is sharing intelligence about jihadist deployments wit . . .

Dempsey: US Needs More Info on Islamic State

Tuesday, 26 Aug 2014 06:40 AM

The top U.S. military officer said Tuesday that the U.S. has some insights into the activities of Islamic State militant . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved