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Thu October 25, 2012
Langevin thinks Congress will avoid hurtling over the fiscal cliff
Congressman Jim Langevin doesn’t think Washinton’s prevailing hyper-partisanship will keep Congress from reaching a deal to avoid budget sequestration.
During a taping of RIPR’s Political Roundtable (set to air Friday at 5:40 and 7:40 am), Langevin predicts that President Obama will win re-election. He went on to say.
“I believe that you’ll see the Congress come together, certainly with the president’s leadership, and we will revive the talks that had occurred last summer where President Obama and Speaker Boehner almost came up with a $4.5 trillion deficit reduction package, a balanced approach with both budget cuts but also revenue increases – by closing tax loopholes on major corporations [and] also raising taxes on people that are making over $250,000 a year.”
The across-the-board cuts known as sequestration will occur if DC Democrats and Republicans can’t agree on a deal. Republicans have been sharply opposed to the kind of revenue increases cited by Langevin.
Langevin also joined us for Bonus Q+A, airing at 6:40 and 8:40 am Friday, to talk about military spending, the healthcare overhaul, Wall Street oversight, and other subjects. We’ve previously heard from his two opponents, Republican Michael Riley and independent Abel Collins.