President Joe Biden has become increasingly vocal about congressional Republicans declining to discuss taxes as part of their debt ceiling negotiations.
But House Speaker Kevin McCarthy (R-CA) has declared tax increases a red line, attributing the country’s deficits to overspending and not a lack of revenue, 10 days before a potential default.
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Republican Study Committee Chairman Kevin Hern (R-OK), whose group has 176 lawmakers as members, underscored that tax hikes are “a nonstarter” for a bipartisan debt ceiling deal.
“Instead of discussing commonsense reforms to his out-of-control spending, Biden wants to raise taxes on energy producers heading into the hot summer months, worsen the impact of inflation on businesses, and surrender our sovereignty with a deeply flawed global minimum tax that could leave U.S. multinationals at a competitive disadvantage,” Hern told the Washington Examiner.
One senior Republican aide responded to Democratic