Politics

GOP senator: Fair to put raising revenue on table

Sunday, November 25, 2012
Capitol Hill Capitol Hill

A Republican senator says "it's fair to ask my party to put revenue on the table" as part of the solution to avoid the looming automatic tax increases and across-the-board spending cuts known as the "fiscal cliff."

South Carolina's Lindsey Graham says he's "willing to generate revenue" by steps such as capping tax deductions, which he says would most affect upper-income Americans. But he says he won't agree to higher taxes - a position shared by most Republicans in Congress.

President Barack Obama wants to let tax rates rise for wealthy families while sparing middle- and low-income taxpayers.

Graham tells ABC's "This Week" that "for the good of the country," he's ready to violate an anti-tax pledge followed by most Republicans if Democrats agree to big changes in entitlement programs.

(Copyright ©2014 by The Associated Press. All Rights Reserved.)

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election day, elections, voting, barack obama, john boehner, nancy pelosi, jerry brown, taxes, jobs, republicans, democrats, congress, house of representatives, politics
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