Republican Sen. McConnell rules out more taxes in U. S. fiscal fight
WASHINGTON (Reuters) – Senate Minority Leader Mitch McConnell on Sunday ruled out raising tax revenues on top of the tax hike on the wealthy in the "fiscal cliff" deal, and said the full focus must now be on spending cuts to curb U. S. deficits. But Democrats said they would push for a "balanced" approach of more tax revenue from the rich as well as spending reductions as Congress headed toward another fiscal battle in March over raising the federal debt ceiling. "The tax issue is finished, over, completed," McConnell, a Kentucky Republican, said on ABC’s "This Week With George Stephanopoulos. . . .
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