Ted Cruz: It’s a mistake for House bill to raise taxes

Cruz called raising taxes on people in wealthy, staunchly Democratic states such as New York and California “a mistake.”

Cruz has teamed up with fellow conservative Sens. Tom Cotton (R-Ark.) and Rand Paul (R-Ky.) in calling for tax reform to include language repealing ObamaCare’s tax penalty on people who don’t buy health insurance.

The provision would raise an estimated $300 billion to $400 billion over the next decade, which Cruz and other Senate conservatives say could be used to lower individual tax rates even further.