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
“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...