Republicans back new revenues in debt deal: Kyl

Reuters News
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Posted: Jul 06, 2011 6:08 PM
Republicans back new revenues in debt deal: Kyl

WASHINGTON (Reuters) - Republicans have tentatively agreed to between $150 billion and $200 billion in increased revenues in budget talks, Republican Senator Jon Kyl said on Wednesday.

"If the government sells something and gets revenue from it, that's revenue. If there is a user fee of some kind and we want to raise that to keep up with the times, that's revenue. And if you add up all of the revenues that we Republicans have agreed to, it's between $150 billion and $200 billion," Kyl said on the Senate floor.

(Reporting by Andy Sullivan and Richard Cowan; Editing by Philip Barbara)