Congress Should Simplify Taxes – Not Raise Them
Budget Talks Could Lead to Pro-Growth Reform
(Washington, DC) – Yesterday House and Senate negotiators met to discuss the federal budget, and to attempt to arrive at a compromise spending plan. One of the major disagreements that must be overcome to reach a deal concerns possible tax increases. Some in the House and Senate are pushing for new taxes as part of a deal to replace sequester cuts and increase federal spending. This would be on top of the large tax increase enacted last January as part of the fiscal cliff deal.
Daniel Garza, Executive Director of The LIBRE Initiative released the following statement:
"Congressional leaders should chart a responsible spending plan that cuts the deficit without more new taxes. Americans are still struggling from the $617 billion tax increase enacted at the start of this year to avert the 'fiscal cliff,' which hits about 80 percent of American households. On top of that, many are being asked to pay more for their health insurance as the ACA goes into effect.
It is time for a new approach. Instead of shaking hands and agreeing on sticking American taxpayers with a higher bill, it's time for Congress and the President to commit to spending discipline – and to simplify the tax structure in a way that encourages job growth."