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Cantor on Taxes, One Last Time

The full policy paper released on the heels of Rep. Eric Cantor’s (R-Va.) speech today makes it clear: Republicans want a bipartisan commitment to no new taxes

Jul 31, 2020
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The full policy paper released on the heels of Rep. Eric Cantor’s (R-Va.) speech todaymakes it clear: Republicans want a bipartisan commitment to no new taxes until unemployment falls below 5 percent, but after that point they’re not going to back tax hikes. From the paper:
While there is a philosophical difference between the two parties when it comes to taxes, we believe we should find common ground on the premise that the government should at a minimum never raise taxes during periods of high unemployment.
While Republicans will continue to fight both new initiatives that are premised on tax increases and automatic tax increases that are imbedded in current law, we urge a bipartisan commitment to blocking such tax increases at least until unemployment is below 5% again.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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