Lee Fisher on Tax Reform
"Let's focus first on what policies got us into this recession," said Fisher, "because we can't afford to go back to the same people and the same policies that dug us the deepest economic ditch in most of our lifetimes."
Portman painted Fisher as the status quo responsible for the economic woes.
Fisher said Portman has backed trade policies that have sent Ohio jobs overseas. He repeatedly sought to tie Portman to economic policies of former President George W. Bush, in whose administration Portman served as trade representative.
Portman said Fisher's proposals would mean job-killing higher taxes. "You can't continue to raise taxes," he said.
Ohio Gov. Ted Strickland implemented a tax cut in 2005 that resulted in state income taxes that are 16.8 percent less than they were in 2004, said a spokeswoman for Fisher, Ohio's lieutenant governor [under Strickland].
It would of course be naive to think that reform has no cost. We must look at a wide variety of other mechanisms to provide the funds needed for reform. For example:
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