CNN's Ed Henry and Ali Velshi both think taxes should be raised in order to help reduce the deficit. However, neither gave any credence to the notion that raising taxes is detrimental in the current economic conditions on Thursday's "American Morning."
CNN's senior White House correspondent Ed Henry, reporting on the President's deficit-cutting proposals, remarked that in order to trim the deficit, both spending must be cut and taxes increased. This would mean that both Democrats and Republicans would be forced to vote for measures they wouldn't normally support.
Co-host Ali Velshi also agreed that higher taxes are necessary, and that since President Obama has had to "compromise," so to will Republicans and Democrats have to compromise on fiscal issues. "Just as [Obama] has come around despite what happened the last election, despite the end of the year deals, despite his own debt commission and despite the showdown, the President has come around," Velshi said.