Rep. Tom Reynolds (R-NY) spoke at a bloggers luncheon today sponsored by the Heritage Foundation. A member of the House Ways & Means Committee, Reynolds concentrated on the tax proposal released this week by Chairman Charles Rangel (D-NY), including the AMT rewrite.
Key arguments from Reynolds:
More generally, Reynolds joined his Repubican collegues in characterizing Rangel’s Tax Reduction and Reform Act as a “Mother of All Tax Hikes,” even using MOTH as an acronym. And he contended that House Speaker Pelosi and other Democratic leaders are building distance between themselves and Rangel’s proposal. Reynolds
No matter what your opinion of Chairman Bill Thomas, when he had a trial balloon, he sent some unsuspecting subcommittee chairman to stand by him. Here’s Charlie Rangel – by himself – not one senior Democratic Ways & Means person or leadership in that room. It’s Rangel by himself the Monster MOTH, for Halloween, and that is the Mother of All Tax Hikes, which many in House leadership and others on Ways & Means have used, the Mother of all tax hikes. …
Charlie promised a lot of things and he has delivered on this one, I’m going to send you a $1.3 trillion tax increase, that as we’re beginning to see Ways & Means and others analyze, we’re seeing as nothing but heartburn and heartache, not only for personal tax filers, as well as corporate America, and will be very detrimental to us for global economy activity. My concern for corporations, we’re almost telling them, “Why don’t you move [overseas] for a better tax policy than you’ll have in your own country.”
Joe Mansour blogged on the gathering, which also included Ann Coulter via telephone, with a partisan take.
It was our first time to attend the weekly Heritage gathering, organized by Rob Bluey. A good outreach event, and we’d certainly welcome a similar invitation from a liberal think tank, too.
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