More from Saxby Chambliss (clarifying his position on raising taxes)
Posted by
Strongbad (aka Rambler14)
Nov 28 '12, 10:45
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The current tax code has become burdensome and complex and filled with provisions which only benefit a limited portion of Americans, at the expense of higher rates for all Americans.
As such, in addition to reducing discretionary spending, reforming entitlements, simplifying the individual and corporate tax code, and lowering tax rates, we should remove unproductive tax expenditures. This is a proven path to prosperity that President Reagan enabled in the mid-1980s and if done correctly, can provide us with a platform for growth that will help federal revenues rise naturally through economic prosperity. A robust economy simply creates more economic activity and more revenue without raising taxes.
I have consistently stated that, due to my conservative principles, I am not in favor of tax increases. I have also consistently said I am in favor of significant tax reform to lower tax rates and generate additional revenues. Those reforms should be on the table in this debt and deficit debate. However, this would only be acceptable in return for entitlement reforms from the other side that truly fix our long-term spending problem.
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