Some Republicans open to idea of tax increases in deficit reduction deal
Story from Here & Now. Listen to the above audio for a complete report.
Some leading Republicans are indicating they might be open to tax increases as part of a larger deal as Congress faces a deadline to cut the federal deficit by at least $1.2 trillion.
Congressman Paul Ryan (R-Wisc.) told NPR that he believes “you can get higher revenue through tax reform and economic growth.”
Buck McKeon (R-Calif.) told the Christian Science Monitor that he doesn’t want to have to choose between a tax hike and cutting defense spending.
And Representative Jeff Flake, (R-Ariz.) says he is open to abolishing some tax deductions, like the one for ethanol producers. Their stance is opening up a widening debate with the Republican party over taxes, deficits, and economic growth.
—————————————————–
“Here and Now” is an essential midday news magazine for those who want the latest news and expanded conversation on today’s hot-button topics.
The story you just read is available for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
Make a gift today, and you’ll get us one step closer to our goal of raising $25,000 by June 14. We need your help now more than ever!