As the August 2 decline nears, congressional Democrats and Republicans continue their battle to hammer out a deal that will raise the debt ceiling to keep the country from defaulting on its obligations.
In a meeting with reporters Tuesday at his Columbia office, 6th District Congressman Jim Clyburn says during recent bi-partisan meetings, concessions were made on both sides in an effort to get a deal done. However, Clyburn says GOP leaders continue to label closing tax loopholes for corporations and the wealthy as tax increases.
Clyburn says he was not surprised by a CBS/New York Times poll released a week ago that showed that 26 percent of respondents blame the Bush Administration for the current condition of the economy and only 8 percent attributed the decline to the Obama Administration. 11 percent blame Congress for the country’s economic woes, 25 percent blame Wall Street, seven percent voted for all of the above.
Clyburn says he will insist that efforts to cut the deficit not be placed completely on the backs of the middle class. Clyburn says, in a meeting with CEOs on Wall Street, they all expressed a willingness to pay their fair share of taxes. He says he will continue to push for the continuation of what he calls the “Obama tax cuts.”
AUDIO: 1:40 Clyburn says that closing tax loopholes is not an increase in taxes as Republicans insist