Podcast with the Wall Street Journal’s Steve Moore on the Debt Ceiling Negotiations
July 7, 2011
This week I was lucky enough to score an interview with editorial writer Steve Moore of the Wall Street Journal, in which he gave me his views on the current debt ceiling/budget reform negotiations going on between Congress and the White House. His previous affiliations range from the Club for Growth and the Free Enterprise Fund to roles as an economist with the Joint Economic Committee, the Heritage Foundation and the Cato Institute, so this isn’t his first time at the rodeo.
The good news for fiscal conservatives is that Steve doesn’t see a tax hike coming out of the negotiations – he’s confident that the Republican-controlled House would stop any major revenue increase:
I don’t think that the Republicans are going to agree to a tax increase. They may agree to little tweaks to this loophole or that loophole, but not any significant tax increase. Because I think Republicans would be thrown out of office if they did that.
We also talk about the possibility of corporate tax reform being part of a debt ceiling compromise (including the fascinating call by former president Bill Clinton to cut the corporate tax rate ten points to 25%) and other aspects of the debate. Listen to the entire 7:53 here.