Revenue-neutral tax reform is the problem, not the solution

Sept. 15, 2017, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement urging Congress and the President to only consider tax proposals that reduce the amount of revenue American workers and businesses have to pay:

“The economy has not grown above 4 percent since 2000, and not above 3 percent since 2005. The economy needs a real stimulus, not some convoluted ‘revenue-neutral’ tax bill. Revenue-neutral tax rules in the Senate are the problem, not the solution. The only way revenue-neutral tax rules in the Senate make any sense is if there are dramatic spending cuts in the budget bill to allow for major tax cuts that might actually help the economy grow robustly. Any tax bill which is effectively revenue-neutral is not pro-growth, it simply shifts tax burdens from those with power to those without the power to protect themselves, rearranging deck chairs on the Titanic. The House of Representatives needs to pass a big stimulative tax cut and let the Senate worry about their rules because the Senate majority has the capacity to overrule the parliamentarian any time they want to. Or if there is a concern about deficits, then how about read your own campaign brochures and cut spending?”

Attachments:

“Will the GOP tax cut be ‘one of the largest tax cuts in history’ as President Trump is proposing?” By Robert Romano, Sept. 15, 2017 at http://netrightdaily.com/2017/09/will-gop-tax-cut-be-one-largest-tax-cuts-history-president-trump-proposing/

Interview Availability: Please contact Americans for Limited Government at 703-383-0880 ext. 100 or at media@limitgov.org to arrange an interview with ALG experts.

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