Rumored GOP Candidate Says More Tax Revenue Needed

Indiana Governor Mitch Daniels (R) says tax reform must be on the table if lawmakers are to properly address reducing the nation’s deficit.

During an interview with Bloomberg News, Daniels, whose name has been mentioned as a potential presidential candidate next year, said the government should work on finding ways to boost revenues.

The left-leaning Center for American Progress obtained a transcript of the interview, and posted the following excerpt:

“We need a lot more revenues. The question is, how do you get them? And if you take what I believe is a very flawed tax system, way too complicated, too many preferences and gimmicks in it, maybe of them, by the way, tilted toward upper-income people and what’s more, a system which is trying to squeeze more and more dollars out of fewer and fewer people, the question is, how do you get the revenues?…Let’s agree that we ought to have more tax revenues, and the way economists really of both sides seem to agree is, fewer preferences, lower and flatter rates.”