Isakson Open to Rate Increases If Tied to Debt, Deficit Reduction

'As long as raising revenues...(is) tied to debt and deficit reduction, then you have the framework under which the American Senate can make a deal'

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Georgia Sen. Johnny Isakson said the Senate would agree to a deal if President Barack Obama ties tax increases on high earners to debt and deficit reduction in an interview Tuesday with CNBC:

MARIA BARTIROMO: If you get those cuts that you’re looking for from those three biggies–and I know they’re not going to touch Social Security, so let’s just put that aside for a moment, because it doesn’t seem very realistic, because you’re just not hearing that conversation–

ISAKSON: Even though it’s the easiest one to touch.

BARTIROMO: Okay. Medicare and Medicaid, let’s say realistically you get those cuts. Are you willing to give in terms of raising taxes on the rich?

ISAKSON: As long as raising revenues–whether it’s through deductions like you talked about or whether it’s through rates–as long as it’s tied to debt and deficit reduction, then you have the framework under which the American Senate can make a deal.

Full interview below: