-By Warner Todd Huston
Senator Tom Coburn (R, OK) is trying to break heavy with the Tea Partiers — and for that matter his own party — by encouraging Republicans to include massive tax hikes in the on going budget discussions in congress this year.
Coburn appears to feel that a tax hike simply must be part of the discussion to get a deal this year simply because the Democrats control both the White House and the Senate. Apparently Coburn is afraid that a deal must happen this year or the U.S. will become a third world nation over night.
Unfortunately, Coburn’s ideas on the budget have no historical basis at all. Tax hikes have never helped raise a down economy. It seems Coburn is far more interested in the relative success of a deal to solve our economic situation than in what a tax hike means for both the country and his party and whether it will even work or not.
Coburn is fighting both his party and several anti-tax advocacy groups like Americans for Tax Reform.
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Senator Coburn’s Ahistorical, Unworkable Tax Hike Plans”