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Hearing of the House Ways and Means Committee, Subject: Fair and Equitable Tax Policy for America's Working Families

Statement

Date: Sept. 6, 2007
Location: Washington, DC
Issues: Taxes


HEARING OF THE HOUSE WAYS AND MEANS COMMITTEE
SUBJECT: FAIR AND EQUITABLE TAX POLICY FOR AMERICA'S WORKING FAMILIES

REP. JOHN B. LARSON (D-CT): Thank you, Mr. Chairman. And Mr. Chairman, let me acknowledge your work and that of Chairman Rangel to provide 90 million Americans with direct tax relief finally. A lot of crocodile tears on the other side of the aisle about everything that would've, could've, should've, it's taken the leadership of Mr. Neal and Mr. Rangel to bring this to fruition, and I commend you both for that. I also commend our analysts today, a) for your endurance, and your willingness to take a number of obvious important questions as it relates to the subject matter before us.

First question I have, because it's always good discussion here on the committee, is -- I believe, it was Milton Friedman who famously said, "To spend is to tax." And are tax cuts simply another form of spending?

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