Isakson: Negotiations at Point Where ‘Revenue is No Longer a Question’

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Isakson: Negotiations at Point Where ‘Revenue is No Longer a Question’

December 31, 2012 - 7:33 am

by Bridget Johnson

Sen. Johnny Isakson (R-Ga.) said this morning on CNN that he believes fiscal cliff negotiations have progressed to a point where “the revenue issue is no longer a question.”

“I think we stand close to a deal,” the senator said.

“The question is making sure any new revenues go to debt spending reduction and deficit relief rather than new spending. It’s deficits that got us into this problem. It’s only reducing deficits that get us out of this problem,” he added.

Democrats this morning offered $450,000 as a deal on the tax-hike threshold, but Isakson wouldn’t confirm if that’s the level that’s been accepted.

“No, that’s not my best information, but it’s my best belief that they’ve reached an agreement on revenues. What that level is, I don’t know, but the question now is where those revenues go