Economy

Coburn: It’s ‘Stupid And Naive’ To Think We Won’t Have Tax Increases

CREDIT:

Combining a bit of basic economic common sense and hard political calculus, Sen. Tom Coburn (R-OK) said on CSPAN today that it’s “pretty stupid and naive” to think that anti-tax absolutists like activist Grover Norquist will be able to avoid raising taxes forever. Sounding almost progressive, the hard-right senator noted that government revenues are at a 60-year-low and that people are unfairly benefiting from tax expenditures, thus loopholes will have to be closed and more revenue raised. He also made the obvious political calculation that Republicans only control the House, so they should not be dictating terms. Watch it: