Just in time for ...
....the possible change of guard in November?
Top conservative says read my lips: DonÃ¢ÂÂt sign Ã¢ÂÂno new taxÃ¢ÂÂ pledge
As a conservative Republican, Lindsey Graham has never had a problem promising not to raise taxes. Like almost every other Republican member of Congress, during his last re-election campaign, he signed the anti-tax pledge put forth by Grover Norquist's group Americans for Tax Reform.
But now Graham says the debt crisis is so severe that the tax pledge " which says no tax loopholes can be eliminated unless every dollar raised by closing loopholes goes to tax cuts -- has got to go.
"When you eliminate a deduction, it's okay with me to use some of that money to get us out of debt. That's where I disagree with the pledge," said Graham.
This puts Graham at odds with his party's leadership. Just last August, when the eight Republican presidential candidates were asked if they would reject a deal with $10 in spending cuts for every $1 in revenue, all eight said they would walk away. But Graham is now raising his hand for increased revenues " he says he could support a plan that included $4 in spending cuts for every $1 in increased tax revenue.
"We're so far in debt, that if you don't give up some ideological ground, the country sinks," said Graham.
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