Tom Price: Balanced Approach Means No Revenue Through Tax Hikes [View all]
Source: TPM
Rep. Tom Price (R-GA) said Sunday on CNN's "State of the Union" that a deficit-reduction deal should not raise taxes but can increase revenue through "pro-growth" reforms.
"We need to look at increasing revenue through pro-growth policies as well as tax revenue," the conservative congressman and GOP leadership member said. Host Candy Crowley pressed him on what he means by tax revenue.
"Tax revenue -- which means broadening the base, lowering the rates, closing the loopholes, limiting the deductions, limiting the credits, and making certain that we identify the appropriate spending reductions so that we have, indeed, a balanced approach," he said.
Price said "tax increases to chase ever higher spending is a fool's errand," instead calling for a "process of tax reforms and spending reductions."
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