Sen. John McCain (R-AZ) said Sunday that the sequester must be avoided and conceded that he might be willing to raise some revenues in order to strike a deal and avert sequestration.
“We’ve got to avoid it, we’ve got to stop it,” McCain said on “Fox News Sunday.” “Would I look at some revenue closers? Maybe so. But we’ve already just raised taxes. Why do we have to raise taxes again?”
Democrats want a budget that raises revenues by closing tax loopholes like oil subsidies, while Republicans have argued that the tax increases in the fiscal cliff deal in January mean no additional revenues are necessary.
