As a conservative Republican, Lindsey Graham has never had a problem promising not to raise taxes. Like almost every other Republican member of Congress, during his last re-election campaign, he signed the anti-tax pledge put forth by Grover Norquist's group Americans for Tax Reform. But now Graham says the debt crisis is so severe that the tax pledge — which says no tax loopholes can be eliminated unless every dollar raised by closing loopholes goes to tax cuts -- has got to go. "When you eliminate a deduction, it's okay with me to use some of that money to get us out of debt. That's where I disagree with the pledge," said Graham. The Americans for Tax Reform pledge commits signers to "oppose any and all efforts to increase the marginal income tax rates for individuals and/or businesses … and oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollar by further reducing tax rates." Graham said eliminating some deductions should free up money to lower tax rates — but also to pay down U.S. debt.
First off, Lindsey Graham is not, nor has been a conservative. He's a McCain senator, except more liberal. He was a bigtime bailouts guy, has supported free speech restrictions, amnesty, and at times global warming legislation.
The bigger problem is this - the spending. Graham is a big spender. He's a member of the senate which is even worse than Obama overall on spending. It was worse than Bush on spending - although both of the POTUS's signed what went to their desks. Graham now wants tax increases, now called loophole reductions, to bail out government's screw ups.
Graham - YOU screwed it up to begin with, and want us to bail you out. That's unacceptable. Cut the spending and balance the budget without raising taxes. Do that, and then I'll start listening to what you have to say and may support something as a compromise. Until I see a balanced budget without raising taxes, I'm not even opening the door to listen to what someone from the largest collection of screw-ups in the country has to say. The senate hasn't earned that privilege from me.