Comments suggest hope for compromise on debt ceiling
(NEWSER) - With crunch time on a debt ceiling deal approaching, some hope emerged today that an agreement might be possible: Eric Cantor said Republicans would be willing to close tax loopholes that benefit the rich provided Democrats returned the favor elsewhere by, say, extending the payroll tax holiday to help businesses. “If the president wants to talk loopholes, we’ll be glad to talk loopholes,” said Cantor. Other Republicans were skeptical of the approach, including Mitch McConnell: "I'm open to tax reform. We need to do it broadly, but to cherry pick items in the context of these negotiations strikes me as pretty challenging." More»
