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Gingrey and Isakson say President offered nothing new to avoid fiscal cliff

8:32 PM, Nov 9, 2012   |    comments
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  • U.S. Senator Johnny Isakson (R-Georgia) and Cong. Phil Gingrey (R-Georgia 11th Dist.)

ATLANTA - President Obama may have won re-election handily, but he did not win Georgia and Republicans still hold 9 of the state's 14 Congressional districts and both U.S. Senate seats.

So it's no surprise that Georgia's Republican-heavy Congressional Delegation doesn't think much of the President's insistence on raising taxes on those making more than $200,000 to help prevent the country from going over what many are calling a Fiscal Cliff at the end of the year.

If some compromise isn't reached, that Fiscal Cliff will mean tax increases for ALL Americans, as well as severe cuts in military and social programs come January...possibly $800-billion worth over the next year.

In a Friday speech, President Obama appealed to the Republican-controlled U.S. House of Representatives to accept a Democratic Senate bill to bring about his tax hikes on the wealthy.

Georgia Congressman Phil Gingrey (R-11th District) said while the President claimed to be open to compromise and new ideas, he didn't offer anything new.

"We don't think, still don't think, didn't think, never have thought, that raising taxes on anybody, especially during a recession, is appropriate," Gingrey told 11 Alive News, echoing comments by Republican House Speaker John Boehner.

Like other Republicans, Cong. Gingrey said raising taxes on the rich will only provide a small amount of revenue compared to the country's huge deficit.

He insisted the best solution is to create an environment to encourage new and expanding businesses, not to tax them more.

Republican U.S. Senator Johnny Isakson told 11 Alive he didn't hear anything new from the President either.

"I hope the President will stop the campaign political rhetoric in terms of taxing just one segment of our country and instead talk about reforming our (tax) code to create jobs and prosperity for all of our country," he said.

"In the end, that is the sweet spot where the settlement can be made," Isakson added.

Many on both sides agree the wealthy should contribute more "revenue", but they differ over how to do it.

The President and Democrats want to do it by raising tax rates.

Republicans want to do it by eliminating some deductions, but only through reforming the whole tax system.

When asked what he thinks the chances are of a settlement before January, Congressman Gingrey said, "I think better than 50-50."

Sen. Isakson said, "We don't have the luxury of not reaching a settlement."

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