It is time to debunk the Republican myth that tax cuts will lead to growth in government revenues, says Sen. Charles Schumer, vice chairman of the Democratic Conference.
Michael Bonfigli/The Christian Science Monitor
Sen. Charles Schumer (D) of New York is vice chairman of the Democratic Conference and heads the Senate Democratic Policy & Communications Center. He spoke at the Nov. 8 Monitor breakfast in Washington.
His response to House Speaker John Boehner's Nov. 7 statement that he could accept a budget deal with new revenue:
"I was heartened, very heartened, by the tone that Speaker Boehner showed.... It makes me very hopeful that we can do something big in the next month and a half [about the nation's fiscal problems]."
Mr. Boehner's view that government revenues would grow if tax rates are cut:
"It is about time we debunked that myth. It is a Rumpelstiltskin fairy tale.... Rumpelstiltskin ... turned straw into gold."
The outlook for immigration reform:
"The election gave great momentum to immigration reform, because it showed Republicans they cannot succeed if they continue with such a harsh position."
"Karl Rove's reputation is going to take a significant hit. If [his PAC] were a business, and Rove was the CEO, he would be fired for getting a poor return for his investors."
The tea party's role:
"Those tea party candidates who won, many of them ran away from the tea party platform.... They are a little bit chastened, the ones who've come back."