You are using an outdated browser. Please upgrade now to a modern browser in order to benefit of all our site's features: Chrome, FireFox, Opera, Safari or Internet Explorer. [Close]

The Official Blog of Fox News Channel

Sean Hannity and Sen. Chambliss Spar Over "New Revenue" Versus "Raising Taxes"

Senator Saxby Chambliss (R-GA) generated heat when he appeared to distance himself from Grover Norquist’s tax pledge, which opposes efforts to raise taxes. Tonight on Hannity, he addressed why he has decided to go against the pledge.

Sen. Chambliss believes, “The Simpson-Bowles plan that came out, that says if we’re going to address the long-term debt of this country, recommended that you eliminate all tax credits and tax exclusions in a major tax reform package.”

He continued, “The Gang of Six that I was a part of, still am a part of, followed that recommendation.

We think you ought to eliminate all of that. That will generate about $1.2 trillion dollars in revenue, not new taxes, revenue.”

The senator says part of that revenue generated should go toward paying down the debt. The problem he has with Norquist is that he claims it’s a tax increase because the rest of it will go to lowering tax rates.

Sean Hannity wasn’t buying it, saying that the “new revenue” is raising taxes. He said, “Senator, this math doesn’t add up, in all honesty here. Look, I understand where the government is. I’m very concerned. This is the first generation where Americans are saddling their kids with unsustainable debt. I just, as a conservative, I believe in economic growth."

Leave a Comment0

Today's Front Page Stories

Don't want to keep checking back here for the latest from Fox News? That's cool. We'll come to you ...

Connect with Fox News

Subscribe

Stay connected with the most-trusted name in cable news through exclusive videos, blogs, polls, contests and behind-the-scene details.

Get More Fox!

'Outnumbered' Set to Debut on Fox News Channel

They're outspoken, out of the box, outrageous and outstandingly smart! And he is outnumbered. Don't miss the premiere of a new panel show on Fox News Channel, bringing you a refreshing new twist on news. Check out all the details on "Outnumbered," debuting Monday, April 28 at noon ET!

Fox News Presents: 'My America with Elisabeth Hasselbeck'

Fox News Channel presents an exciting new feature series, My America with Elisabeth Hasselbeck. From the quirky to the inspirational, "My America" will reveal who we are as a nation – driven, passionate and uniquely American. Check out the latest installment: an inside look at Mutton Bustin!

Greta Is Wired!

GretaWire.com is the official blog of Greta Van Susteren. Get Greta’s breaking news alerts, pictures, videos, polls, and behind-the-scenes exclusives. Plus, speak out on open threads, as well as the live chat page. Connect to the GretaWire community ... and to Greta herself!