GOP Senator Coburn: We have to raise taxes

Be interesting to ask other senators to comment on this now:

Senator Tom Coburn (R-OK) tells ABC News that the federal debt is now so out of control that the credit rating of the United States is in jeopardy and the only way to deal with it is a bipartisan agreement that increases tax revenues.

“The fact is we’re at the lowest tax rate this country’s been in a hundred years,” Coburn said in an interview on ABC’s Subway Series with Jonathan Karl. “And nobody believes that we’re going to get a bipartisan agreement without some way to increase revenue for the federal government. We’re also at the lowest level in a long time in terms of revenues coming in.”


CyberDisobedience on Substack | @aravosis | Facebook | Instagram | LinkedIn. John Aravosis is the Executive Editor of AMERICAblog, which he founded in 2004. He has a joint law degree (JD) and masters in Foreign Service from Georgetown; and has worked in the US Senate, World Bank, Children's Defense Fund, the United Nations Development Programme, and as a stringer for the Economist. He is a frequent TV pundit, having appeared on the O'Reilly Factor, Hardball, World News Tonight, Nightline, AM Joy & Reliable Sources, among others. John lives in Washington, DC. .

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