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Leading GOP Senator: Some voters will see their tax burdens rise

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Coburn, one of six senators involved in behind-the-scenes talks considered crucial if there is to be a deal, said ... it was possible that some voters could see their tax burdens rise.

...

The Oklahoma conservative suggested that the Gang of Six is examining a kind of tax reform similar to the type suggested by Obama's fiscal commission, in which marginal rates are lowered but many tax credits are eliminated from the code. 



"Will some people pay increased taxes? I'm sure they will," Coburn said of the resulting tax burden from such a plan. 



...

Coburn defended such a proposal, which is still hypothetical at this point, on free market grounds. Tax credits, he said, allows for a system where "winners and losers [are] picked from Washington." Eliminating tax credits and lowering rates would allow for a more efficient allocation of capital, Coburn argued.

http://thehill.com/blogs/blog-briefing-room/news/157173-coburn-gang-of-six-wont-produce-any-signifcant-tax-hike

 

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