The Republican senator also took issue with the recommendations of the special committee co-chaired by former Sen. Alan Simpson, R-Wyo., and former Clinton White House Chief of Staff Erskine Bowles.
“Simpson-Bowles is not a good template here because it sets up a contest between lowering marginal tax rates and raising the business taxes, that is to say, dividends, capital gains and the estate tax,” he said. “Simpson-Bowles in effect says, you can have lower rates on one side or another, but not both. That’s not good.”
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