As published in the Winter Park/Maitland Observer, Thursday Jan. 3, 2012 Edition Offers... Read More »
Tax Fairness Bill Update: Wyden and Gregg on Morning Joe
- Wyden said the plan is essentially a jobs program because it reduces corporate rates to a flat 24% while at the same time eliminating the corporate tax deferral on invested foreign profits. This, he suggested, will result in the return to America of exported jobs.
- Gregg said the plan “levels the playing field” on deductions and credits while at the same time lowering middle-class tax rates.
- Gregg sounded the alarm on the rising deficits:
Our government is not on a sustainable path right now. We’re headed toward insolvency.
- Wyden, when asked if he thought it was possible to get bipartisan support for the measure, said,
Everybody bets against tax reform until fifteen minutes before it happens.