McConnell rules out raising tax rates as part of deficit deal
“We’re insisting on keeping tax rates where they are, first and foremost, to protect jobs and because we don’t think government needs the money in the first place,” McConnell said on the Senate floor.
“The problem, as I’ve said, is that Washington spends too much. But if more revenue is the price that Democrats want to exact, then we should at least agree to do it in a way that doesn’t cost jobs and disincentivize rates, as we all know raising rates would do,” he said…
McConnell warned that raising rates would discourage people from working and investing their money. He said dual-income households would be especially affected, as married women thinking about entering the workforce would have a powerful disincentive.