Tom Coburn: Budget Deal Must Include Tax Increases
In a must-read Washington Post op-ed calling out his fellow Senators for failing to act on a budget deal, Oklahoma Senator Tom Coburn crosses a Republican Rubicon:
The public rightly prefers spending cuts over revenue increases, but numerous polls indicate the vast majority of Americans would support the only type of plan that would ever make it out of Congress and be signed into law: one that favors spending cuts over revenue increases but includes both.
Getting there, however, will require the Senate to put forward specific solutions and win public support for serious entitlement reform and tax reform
Coburn is right, of course, both politically and economically.