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Rokita: House Missed Great Opportunity to Reform Tax Code

Statement

Date: Dec. 20, 2012
Location: Washington, DC
Issues: Entitlements and the Safety Net Taxes

U.S. Rep. Todd Rokita issued the following statement on this evening's tax reform bill:

"We owe it to Hoosier farmers, businesses and working families to provide certainty by permanently stopping a hike in the death tax and permanently extending current tax rates and other provisions. By failing to act, the House has missed a great opportunity to grow our economy by reforming the tax code.

"But let's be clear: tax reform alone won't come close to solving our debt crisis -- only cutting spending and reforming the drivers of our debt will. This entire debate has missed the point about the true fiscal cliff we face: the $100 trillion in entitlement spending coming down the pike for our children. Until both sides in Washington understand this, we will face an ever-worsening fiscal crisis," said Rokita.


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