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 World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!