Here we go.

(Reuters) — A leading Republican lawmaker would not rule out tax increases on Thursday if they could boost economic growth, adding that “everything is on the table” for a congressional panel charged with forging a deal to cut the deficit.

Representative Dave Camp, head of the tax-writing Ways and Means Committee in the House of Representatives, told Reuters in a telephone interview that the deepening global financial crisis would prompt him and other super committee members to pull together.

Asked what sort of pressure the economic turmoil put on the committee, he said, “It does add an importance to what we are trying to do. It makes the stakes even higher.”

Camp, who was named on Wednesday to the new special deficit reduction panel, voiced optimism that the group of six Republicans and six Democrats would overcome the political divide and reach agreement.

“I don’t want to rule anything in or out,” Camp said. “I am willing to discuss all issues that might help us reduce our short and long-term debt and grow our economy,” Camp said.

“Everything is on the table, until we as a group rule it out,” he said. The economy and jobs are priorities, he added.

HT: David

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