November 17, 2012
Important discussions about
taxes, spending cuts and the economy are now underway. Congress must
act before Dec. 31st in order to avoid the so-called
“fiscal cliff”. Most economists believe that if a pending
$500 billion in automatic spending cuts and tax increases occurs, the
economy will fall back into a recession.
I believe there is
some common ground from which to start the discussion. People on
both sides of the aisle agree that America’s corporate tax rate
should be adjusted to help US businesses compete in the global
economy. Both sides agree on the need to fix the alternative minimum
tax so that increasing numbers of middle class families aren’t
ensnared. To lower the deficit, significant spending cuts
–reflecting shared sacrifice—must occur over time. Spending cuts
should be made in a way that reflects priorities.
It has been
more than 25 years since our tax code saw a major overhaul. The
world economy has changed dramatically in that time. I believe
that leaders in both parties can and should come together in the
spirit of bipartisanship to reform the tax system in a way that is fairer,
simpler and more transparent. Until that happens, I believe the
expiring tax cuts should be extended, so family and small business
budgets are not suddenly and drastically affected.
that I talked to over the past few months expressed frustration with
the partisan squabbling and bickering. They said it’s important
for us to roll up our sleeves and work towards solutions, for the good
of our country. That’s the approach I take on this job
and with so much at stake for our economy, there is no time to
As always, I’m very interested to hear what you
think. Please take a moment to complete the following brief survey and
share your view.
2nd District of Utah