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.”
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Wednesday April 16th, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Monday April 14th, 2014 | John Ransom