Tags: cole | taxes | debt | negotiations

Cole Sticks by Call for GOP to Accept Obama Tax Plan

Thursday, 29 Nov 2012 12:02 PM

By Greg McDonald

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Rep. Tom Cole is offering no apologies for breaking ranks with his Republican leadership to urge acceptance of President Barack Obama's proposal to raise tax rates on the wealthy but extend tax cuts for income below $250,000.


In fact, he reiterated that view again today in an interview on MSNBC's "The Daily Rundown,"  , saying he still thinks it's "the right direction" to go, despite an admonishment Wednesday from House Speaker John Boehner that the GOP conference stick with its position against tax rate increases of any kind.
 
The Oklahoma Republican said he respects Boehner as the "chief negotiator" in talks with the White House on the debt crisis and would likely support any deal he "thinks is the right one."
 
But he added, "If we can give the American people an early Christmas gift [by extending most of the current tax cuts], if they can listen to the debate, instead of being worried that their own taxes are going to go up, I think that actually strengthens our hand."
 
Cole said he agrees with Boehner that the president has "to get more specific" about spending cuts "if we're going to have a deal." But in the meantime, he said it would put more pressure on the president if the GOP agrees to extending the so-called Bush-era tax cuts for income earners making less than $250,000, even if it means allowing the current rates on the 2 percent of Americans who make more than that to expire on Dec. 31.
 
"I think we should do that," he said.
 
Cole said he never intended for his comments in favor of accepting Obama's proposal to go public. They were leaked, he said, from a private meeting with other Republicans.
 
"I think at the end of the day, having an honest discussion is a good thing not a bad thing. They asked my opinion . . . I told them. I haven't changed my mind," he said.
 
"I think it would be a step in the right direction."
 
Asked whether other members of the Republican conference share his position, Cole declined to offer any names. But he said, "There's certainly a division of opinion, or a variety of opinions, I should say, inside the Republican conference." .

© 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

Sen. Mark Udall: 'I Absolutely Stand By' Call for CIA's Brennan to Resign

Monday, 01 Sep 2014 21:58 PM

Central Intelligence Agency Director John Brennan may have avoided losing his job over charges that the CIA spied on Sen . . .

US Forces Carry Out Operation Against Al-Shabaab in Somalia

Monday, 01 Sep 2014 20:44 PM

U.S. military forces carried out an operation on Monday against al Shabaab militants in Somalia, a U.S. Department of De . . .

'Time' Mourns Dwindling Numbers of 'Social Justice' Nuns

Monday, 01 Sep 2014 20:39 PM

A Time magazine article bemoans the stark decline in the number of "social activist" women religious in the U.S. today,  . . .

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