No-New Taxes Stance Challenges Republicans

Sunday, 23 Dec 2012 02:01 PM

By Sandy Fitzgerald

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Congressional Republicans haven’t voted for higher income taxes since 1990, and when conservatives didn’t back House Speaker John Boehner’s “Plan B” last week, many people said it was a continuation of the party’s stance against income tax hikes.

The GOP stand against taxes, though, is becoming a challenge to the party, as public opinion is strongly supporting tax increases on people with higher incomes, reports The New York Times. In addition, while Republicans continue to embrace no-new-taxes as a major part of party identity, some Republicans think the commitment to prevent tax increases is hindering fiscal responsibility.

Today’s economy echoes that of 1990, when President George H.W. Bush agreed to break his no-new-taxes pledge because he was convinced the government needed to balance its books, and Democrats didn’t want to cut spending.

“When I entered politics, the frame of reference was a balanced budget as the principal conservative precept,” said former Rep. James Leach. The Iowa Republican, who served from 1977 to 2007, said today, it’s taxes.

To maintain that commitment, though, Republicans will need to decide how to reduce federal spending, which is projected to grow quickly as the country’s population ages.









© 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

Poll: Americans Don't Want Shutdown Over Amnesty

Tuesday, 25 Nov 2014 13:15 PM

Americans may disagree over President Barack Obama's unilateral executive action on amnesty for illegal aliens, but they . . .

Under McConnell, Senate Will No Longer Have Fridays Off

Tuesday, 25 Nov 2014 12:04 PM

Kentucky Sen. Mitch McConnell may not be able to fulfill all the promises made during the campaign, but as the incoming  . . .

Ted Cruz Impresses NYC's Jewish Donors in Whirlwind Stopover

Tuesday, 25 Nov 2014 11:11 AM

Sen. Ted Cruz is in New York City paying visits to some of the nation's most powerful Jewish leaders , including a priva . . .

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