Thanks my friend and congressman Jack Kingston, I am proud of you for demonstrating statesmanship.
From the AJC's Political Insider:
For now, the only House Republican from Georgia who might cast a vote for a debt-ceiling deal is Jack Kingston, who as a House Appropriations subcommittee chairman qualifies as a member of Boehner’s leadership team.
“If the president is willing to support some entitlement reforms, and if for every dollar of debt increase, there’s more than a dollar cut — or at least a dollar-for-dollar match — that will be very helpful,” Kingston said in a telephone interview.
Large, unpleasant pills will have to be swallowed — by both sides — the Savannah congressman said.
Some House Republicans are demanding passage of a constitutional amendment to require a balanced federal budget. But the president doesn’t control the U.S. Senate, so that’s not going to happen, Kingston said.
House Republicans will have to be content to pursue that separately.
Military spending will probably have to be included in spending cuts House Republicans are insisting on, he said. Kingston said he would like to see federal spending reduced from 24 percent of the gross domestic product to something approaching 18 percent.
On the revenue side, Kingston said House Republicans are willing to take some suggestions from U.S. Sen. Saxby Chambliss when it comes to the elimination of some tax subsidies in order to boost revenue that can be applied to the federal debt.
“If it’s a tax loophole that helps one industry to the detriment of others, I think we’d certainly want to close it,” Kingston said. “If it’s a wealthy individual and they’re skating on their taxes, nobody’s in favor of that.”
Chambliss, in particular, has raised the possibility of eliminating tax deductions for the interest on mortgages on second homes.
“I think you could argue that. You could also even say flood insurance on a second home. National flood insurance is subsidized heavily,” Kingston said. “It’s consistent with the Republican philosophy of both tax simplification and tax fairness to look at things that only a select few industries or portions of the population can take advantage of.
“I’m not convinced that there’s real revenue in it, but for the sake of good faith, I don’t think we should run from that,” Kingston said.
For now, the only House Republican from Georgia who might cast a vote for a debt-ceiling deal is Jack Kingston, who as a House Appropriations subcommittee chairman qualifies as a member of Boehner’s leadership team.
“If the president is willing to support some entitlement reforms, and if for every dollar of debt increase, there’s more than a dollar cut — or at least a dollar-for-dollar match — that will be very helpful,” Kingston said in a telephone interview.
Large, unpleasant pills will have to be swallowed — by both sides — the Savannah congressman said.
Some House Republicans are demanding passage of a constitutional amendment to require a balanced federal budget. But the president doesn’t control the U.S. Senate, so that’s not going to happen, Kingston said.
House Republicans will have to be content to pursue that separately.
Military spending will probably have to be included in spending cuts House Republicans are insisting on, he said. Kingston said he would like to see federal spending reduced from 24 percent of the gross domestic product to something approaching 18 percent.
On the revenue side, Kingston said House Republicans are willing to take some suggestions from U.S. Sen. Saxby Chambliss when it comes to the elimination of some tax subsidies in order to boost revenue that can be applied to the federal debt.
“If it’s a tax loophole that helps one industry to the detriment of others, I think we’d certainly want to close it,” Kingston said. “If it’s a wealthy individual and they’re skating on their taxes, nobody’s in favor of that.”
Chambliss, in particular, has raised the possibility of eliminating tax deductions for the interest on mortgages on second homes.
“I think you could argue that. You could also even say flood insurance on a second home. National flood insurance is subsidized heavily,” Kingston said. “It’s consistent with the Republican philosophy of both tax simplification and tax fairness to look at things that only a select few industries or portions of the population can take advantage of.
“I’m not convinced that there’s real revenue in it, but for the sake of good faith, I don’t think we should run from that,” Kingston said.
posted by Sid Cottingham | 8:53 AM
1 Comments:
You can thank Jack Kingston for the flood insurance rate debacle in Georgia. I now pay more than twice as much for flood insurance as my homeowners insurance, and for less coverage. Jack Kingston voted for the bill by Maxine Waters which is devastating Georgians while sending billions from Ga to the north east and LA to cover hurricane damage there. That money could have helped to boost employment in Georgia, but no. Jack Kingston actually thinks he did a good thing and that he lifted the flood insurance burden from taxpayers. Well, I am a taxpayer and this is a hidden tax dumped on a few people like me who happen to live by a small harmless creek in Georgia.
This is what happens when we elect people like Jack Kingston with no business sense. 22 years is enough! Do not vote for Jack Kingston to become a senator with even more misguided power. Please vote for David Perdue on 7/22.
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