Rand Paul: Republicans Who Compromise on Taxes Making Grave Mistake

Friday, 30 Nov 2012 11:04 AM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Sen. Rand Paul, R-Ky., is very unhappy to see some Republican congressmen show a willingness to raise taxes, with several backtracking from their support of the Americans for Tax Reform’s (ATR) anti-tax pledge.
 
“Many Republicans are beginning to cave on the tax front,” he writes in The Wall Street Journal. “Some say to hell with the Taxpayer Protection Pledge.”
 
A number of these GOP congressmen see additional revenue coming from closing loopholes and slicing deductions, “But the truth remains: If taking more money from the private sector is harmful, it doesn't matter whom you tax or what form the revenue increase takes,” Paul says.

Editor’s Note: New 'Obamacare Survival Guide' Reveals Dangers Ahead for Your Healthcare

The appeasers are focusing on the wrong issue, he argues. “Where are the Republican calls for reducing revenue to government? Where are the calls for lowering taxes? If you want to stimulate the economy, leave more money in the economy.”
 
Republicans must realize that tax revenue has been depressed by the 2007-09 recession and slow economic recovery, not by the reduced tax rates implemented in 2001-03, Paul writes.
 
“Raising revenue by increasing rates or ending deductions won't spur the economy. It may even depress the meager economic growth we have and raise less tax revenue.”
 
The ATR pledge represents the road to prosperity, Paul says. “The economy and all individuals in it thrive when we are allowed to keep more of what we earn. If Republicans give up on that principle, we may as well disband the party.”
 
 

 
 

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Roberts Scarcely Mentions Long AG Record in Kansas

Saturday, 25 Oct 2014 09:45 AM

One would hardly know from Republican Sen. Pat Roberts' campaign speech that he is revered as a champion of Kansas' all- . . .

Jeb Bush: I 'Quit Worrying About' Name Liability 'A Long Time Ago'

Friday, 24 Oct 2014 23:22 PM

Former Florida Gov. Jeb Bush was non-committal to South Carolina donors and business leaders questioning him about his p . . .

Cornyn, Democrat Alameel Meet in Only Debate

Friday, 24 Oct 2014 21:35 PM

Problems with the nation's immigration system have dominated a debate between U.S. Sen. John Cornyn and Democratic chall . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved