Tax Reform Proving to Be Difficult Issue

Monday, 14 Mar 2011 01:51 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Many congressmen support the idea of tax reform. But it will be difficult to get anything done on that score soon, because some reform plans would include tax increases, which are unacceptable to many conservatives, The Hill reports.

Hatch, tax, reform, bipartisan
Sen. Orrin Hatch
A bipartisan group of six senators is working on a broad deficit reduction plan, and some top Republican senators say it will be very difficult for them to support a proposal that calls for increased tax revenue.

Sen. Orrin Hatch, R-Utah, is a case in point. He said late last month that he supports redoing the tax code, but he added that only spending cuts should used for deficit reduction. “Separately, we must promote tax reform,” said Hatch, the ranking member of the Senate Finance Committee. “If we try to mix the two, we risk walking down the road to a back-door tax increase.”

© 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

Refugee Plan Set up for Central American Minors

Tuesday, 30 Sep 2014 17:13 PM

The Obama administration is initiating a program to give refugee status to some young people from Honduras, Guatemala an . . .

First Case of Ebola Diagnosed in US: Health Officials

Tuesday, 30 Sep 2014 16:58 PM

The United States has diagnosed its first case of the deadly Ebola virus, a man who became infected in Liberia and trave . . .

Olympic Swimming Champ Michael Phelps Arrested on DUI Charge

Tuesday, 30 Sep 2014 16:19 PM

American swimmer Michael Phelps, the most decorated Olympian of all time, was arrested for drunken driving early on Tues . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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