Rep. Paul Ryan, R-Wis., laid down a marker on the deficit problem with his wide-ranging reform proposal and President Barack Obama is welcome to participate in the debate, House Ways and Means Committee Chairman Dave Camp tells Newsmax.TV.
Camp, R-Mich., was speaking at the Americans for Tax Reform’s annual Tax Day Eve event at the Capitol. He said that Ryan “deserves a lot of credit for trying to really be honest about the problems and the challenges facing our country.
“And his document is really a marker out there really to highlight the kind of issues we need to be debating. … I welcome the president back to this debate,” Camp said.
“We need constructive debate, we need solutions … pitting Americans against each other is not the way to solve these problems. We do need to come together to find how we can have sustainable programs in Medicare and Medicaid. Those are important to keep in both the short term and long term and if we don’t act they are not going to be sustainable in their current form.”
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Camp called Obama’s plan to let the Bush era tax cuts for wealthier Americans expire, “an easy political hit” for the president, but added that “half of the people who are at that level are small businesses and that’s the area of the economy we need to grow.
“Frankly sending more money to Washington is not going to solve our debt problems or our deficit problems,” he said. “What we need to do is reduce spending, reduce rates throughout the base and fundamental tax reform.”
Camp maintained that fundamental tax reform is the way to get the economy going again.
“Adding another layer of taxation at this time will actually kill off any kind of growth that we would have seen,” he said. “It’s about jobs, it’s about job creation, it’s about reducing rates to get there.”
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