House Speaker John Boehner (R., Ohio) echoed the message of his speech at the Economic Club of New York earlier this week. Republicans, he said, wanted “real changes” in terms of spending cuts and budget reforms in exchange for raising the federal debt ceiling, though failed to provide any details at to what those might entail.
Asked whether he would support something like the CAP Act introduced by Sen. Bob Corker (R., Tenn.), the speaker was less than enthusiastic. “I don’t want to tie myself down in terms of what those are,” he said. “But I don’t want phony caps, I don’t want phony targets. We know what the challenges are. Why don’t we go tackle the problems?”
“All the gimmicks that have been used in the past have never worked,” he added. “Congress has found a way to wiggle out of all of them.”
And he continued to insist that entitlement spending be part of the conversation. “If we’re going to put America’s fiscal house in order, it’s time to make real changes to preserve these entitlement programs that are very important,” he said. “We know they’re unaffordable, and if we don’t do anything, seniors are going to see cuts, and no one wants to see cuts in these programs.”
With oil company executives on Capitol Hill today to testify before the Senate Finance Committee, the speaker touched on a Democratic proposal to eliminate tax subsidies for the oil and gas industry (The Editors weigh in here). “We all know that going after oil companies is easy politics,” he said. “But we also know if this bill were to pass it wouldn’t lower gas prices one penny.” Even some Democrats agree.
Boehner said the elimination of various tax loopholes enjoyed by corporations ought to be considered, but only as part of a comprehensive tax-reform package that would allow for a decrease in the overall corporate-tax rate, which is the second highest in the world. “If we want to put Americans back to work, I think lowering the corporate-tax rate is critically important,” he said. “And to do that we have to look at the tax expenditure side — the deductions, credits, and other gimmicks that may be in the tax code that have accumulated over the last 30 years.”
“Companies don’t pay taxes, their customers pay taxes for them,” he said. “Because the people who buy their goods and services are the ones who eventually see those increased taxes in the price of the goods and services they get.”
I don't think much of Boehner as a legislator, but at least he has enough sense not to be hoodwinked by the CAP Act Bob Corker is pushing.
Reply to this commentLinkReport Abuse“But I don’t want phony caps, I don’t want phony targets."
You mean like the phony $48 billion cuts you tried to tell us you got in the budget deal, Mr. Boehner? You remember, the ones that were actually less than $400 million. Let me guess, you heard the American people loud and clear, again, right? And this time, you really, really, REALLY mean it right? Not like the last 3 times you betrayed the American people who gave you the Speaker's gavel and didn't live up to the Contract From America.
Reply to this commentLinkReport AbuseHeh - this one is easy for Boehner now.
We (aka, the US Treasury Dept, aka Turbo Timmy Geithner) just went over the debt limit today.
The ability to issue debt belongs to the Congress, not the Executive. If Boehner has any brass whatsoever, he'll immediately take legal action against Obama (and friends) for exceeding their Constitutional authority.
Defend the Constitution, Mr. Boehner!
(Yeah, right. Like that's ever gonna happen.)
Reply to this commentLinkReport Abuse“All the gimmicks that have been used in the past have never worked,” he added. “Congress has found a way to wiggle out of all of them.”
Precisely, Mr. Speaker! Congress will wiggle out of “real changes” legislation just as the progressives have been doing since dirt!
Our Constitution does not exist with these people and a bunch of you GOP'ers are ignoring it as well! Also ALL of you are violating your oath of office!
Mr. Speaker, YOU and the other 434 professional, political, parasites in Congress, 100 in the Senate and 10 on the the Supreme Court have allowed the worst case of fraud, treason and forgery against the United States of America!
Former Speaker Pelosi fraudently signed and certified that Barack Hussein Obama, Jr. was eligible to be on the ballot for the office of President! To wit:
Rather than saying, NOPE to the DOPE of HOPE she intentionally committed fraud when she knowingly signed false documents swearing Obama’s eligibility to be on the Presidential ballot. Will she get the ROPE?
**note the same misspelled word "through" on both documents?"
THIS IS TO CERTIFY that at the National Convention of the Democrat Party of the United States of America, held in Denver, Colorado on August 25 th[r]ough 28, 2008, the following were duly nominated as candidates of said Party for President and Vice President of the United States respectively and that the following candidates for President and Vice President of the United States are legally qualified to serve under the provisions of the United States Constitution:
Reply to this commentLinkReport AbusePresented: Hawaii
The “abridged version” states:
THIS IS TO CERTIFY that at the National Convention of the Democrat Party of the United States of America, held in Denver, Colorado on August 25 th[r]ough 28, 2008, the following were duly nominated as candidates of said Party for President and Vice President of the United States respectively: