In response to:

Senator Kyl Sees Higher Revenues Without a Tax Hike

M444ss Wrote: Nov 14, 2012 9:44 PM
Of course, Senator Kyle is absolutely correct that increased economic growth will generate more wealth for the country and, by extention, more tax revenue. Where he is wrong is in assuming the President simply wants to increase govt revenue. In fact, the President is on record as saying he believes it's simply unfair that the rich are rich. His desire to increase taxes on the rich is, at least in part, a punitive measure that serves to address this perceived lack of "fairness."

A federal budget deal to avoid the fiscal cliff can be achieved without

raising tax rates, Senate Minority Whip Jon Kyl said Friday on the Kudlow

Report.

“Tax revenues can be generated by two ways other than raising tax rates,” he said. “One is to eliminate some of the deductions, credits, exemptions, special provisions in the code that end up producing more revenue but without affecting the rates. And the other is through economic growth.”

The senator from Arizona said he thought it likely a deal could be struck to avoid the so-called “fiscal cliff,” a deadline...

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