November 26th, 2012
03:32 PM ET

GOP resistance to anti-tax pledge grows

Is it a slow leak that will grow into a cascade, or a minor drip easily plugged?

More and more, conservative Republicans in Congress are breaking from a pledge they signed years earlier against any kind of tax increase or additional tax revenue.

Facing the so-called fiscal cliff of automatic tax hikes and deep across-the-board spending cuts at the end of the year, the GOP legislators are signaling their willingness to cut a deal with President Barack Obama and Democrats that would include more money for the government.

The overall numbers remain relatively small - a handful of senators and House members - but they include influential veterans such as Sens. Saxby Chambliss of Georgia and Lindsey Graham of South Carolina, along with Rep. Peter King of New York.

FULL STORY

Filed under: Politics
soundoff (15 Responses)
  1. Benn

    Some believe letting the economy "go over the financial cliff" will in fact help the average person. By letting the Bush era tax cuts run out, congress can then reenact them on the middle and lower income families, leaving the tax rates higher on the top earners. This would be one way to increase taxes on the ultra wealthy while getting around the Repub led House.

    Allowing this to happen will also most likely result in a drop of stock prices. This will allow those with less income to "buy in". It will also allow those who pulled out early, short selling, to reinvest at a lower market price.

    November 26, 2012 at 4:41 pm | Report abuse |
  2. Portland tony

    Think this story belongs on da' political blog!

    November 26, 2012 at 5:11 pm | Report abuse |
  3. chrissy

    All i have to say is, its about time!

    November 26, 2012 at 6:29 pm | Report abuse |
  4. banasy©

    Yes?

    November 26, 2012 at 8:22 pm | Report abuse |
  5. chrissy

    I can almost hear the harps playin, how bout you banasy? Lol. Congress is finally getting off their dusty collective dupas and are actually going to be productive! Well somewhat anyway lol.

    November 26, 2012 at 8:28 pm | Report abuse |
  6. superman

    Stop. giving foreign aid aand give ut to the 99 %ers ......and tbe 1 % ers can now work for us

    November 27, 2012 at 12:18 am | Report abuse |
  7. ronvan

    20YR. OLD PLEDGE!? Just shows how stupid things are with our "elected children"! Obviously, for the republicans, things are exactly the same today as 20yrs. ago? THEY still do not understand, as a party, that they are in trouble, STILL the party of NO, and refuse to accept change or comprimise! Eveyone has their opinion about the "Fiscal Cliff" problem, BUT, NO ONE has an answer! The ONLY thing I am expecting is some kind of plan that will just "kick the can" down the road, TRY to make everyone happy, and then stand up a tell us that they took care of the problem!

    November 27, 2012 at 8:16 am | Report abuse |
  8. banasy©

    If one wants to know why the Republican party won't compromise of anything, look at the power Norquist and his pledge wield.
    In theory, it's altruistic; in reality, the drain of two unpaid wars, along with handouts, both foreign and domestic, have brought us the fiscal cliff.
    Norquist holds entirely too much power over the GOP for an unelected official; his rigidity, and his wanting retaliation for those who put country before his pledge, is harmful to this country; for all of his economic bloviating, he hasn't done a whole lot of good.
    Since his pledge, it appears the country has gone downhill, hasn't it?
    Looks that way to me.

    November 27, 2012 at 10:27 am | Report abuse |
  9. chrissy

    Yup @ ronvan, exactly WHY we need term limits on congressional members! They do NOT have a good concept of todays reality. Still stuck in previous centuries.

    November 27, 2012 at 11:48 am | Report abuse |
  10. banasy©

    "Oh I think the legislators have a far better grasp upon political, economic and social structure reality than do the masses."

    I think you are absolutely wrong.
    I think that you do not give the American people enough credit, and I think our legislators have lost touch with the masses some time back, starting with the Norquist Pledge.
    Even GW Bush said it: "who is Norquist, anyway?"

    November 27, 2012 at 3:40 pm | Report abuse |
  11. Hide Behind

    Foreign aid or welfare checks to armaments, agriultural and yes energy corporates from points of origins domestic evonomy?
    Who pays to have the tanks and weaponry built along with food and humanitarian radio equipment?
    Who gets paid to produce such item, and move those items around the world, for most assuredly tanks and misdles are not driven by trucks and drivers of origin.
    60 to 70 % of all aid monies no matter euro or us goes into domestic pockets and the rest is divided by bureaucrats and ginancial concers based in the aid nations.
    ALTRUISTIC motivesare the perception but not the reality, and there are litteraly hndreds of thousands employed within these aid programs that see less than 10% of original money reaching those deserving of. relef
    Exmple oh Haiti where over 100 million in donations finds the only improvement in Hatian peoples lives is fimding jobs with relief agencys building their own facilitys and paying staff or else the new luxury facilitys along beachfronts.
    Where some 10s. Of millions wrre spent? One would have to ask Clintonand Bush family as heads of thatfund.
    No one ask, but a mining firm was just sold thousands of acres of what isestimated to be greatest source and richest on earth foe almost no royalty to Haitian government that is under US Canada and UN protection.

    November 27, 2012 at 3:49 pm | Report abuse |
  12. ronvan

    It is truly sad that our "elected children" have forgotten why we elected them! I totally agree with term limits. Just look at some of these people. Have problems talking, and when they do the only thing you hear is political – ese, that you cannot understand! I would be happy to see US vote all of them out of office and bring in some "fresh" ideas, plans! This Norquist "pledge" is so wrong and demonstrates how republicans think! Well maybe they don't think! They lost the election, but REFUSE to accept it, and right now all I am hearing from them is the same old garbage!

    November 28, 2012 at 2:32 am | Report abuse |
  13. mimi

    The most amazing thing here is that elected representatives signed such a pledge. If the pledge says just that they will never agree to tax increases this entails that taxes can be reduced to 0 and yet abiding by the no-tax-increase-pledge taxes could not be raised. This sounds cazy and anybody who signed this pledge should resign from office.

    November 28, 2012 at 7:08 am | Report abuse |
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