Press Room

(WASHINGTON, D.C.) –  Dr. Coburn released the following statement today regarding President Obama’s remarks on sequestration:

President Obama is right that targeted spending cuts are a better way to reduce the deficit than across-the-board cuts. I’m relieved he disagrees with some on his side who say cutting any spending, including wasteful spending, is austerity.

However, I’m disappointed the president today attempted to unilaterally change the terms of the debate on tax reform. Tax reform does not mean closing loopholes to solely pay down the deficit. Tax reform means closing loopholes to primarily lower rates for working families in order to promote economic growth, which has the effect of increasing tax revenues for the federal government. That is the balanced approach embraced by conservatives and liberals on his own Simpson-Bowles debt commission, and that understanding was the basis of President Reagan and Speaker O’Neill’s historic tax reform deal in 1986.

The balanced tax reform proposal in Simpson-Bowles proposed to use the savings from eliminating loopholes and breaks for the wealthy by primarily reducing tax rates for lower income families from 15 percent to as low as 8 percent. The president’s statement today suggests lower income families should keep paying higher rates. Ironically, the very tax earmarks the administration slipped into the fiscal cliff deal for special interests such as Hollywood movie producers, the wind industry and NASCAR, kept rates artificially high for lower income and middle class families. That’s not economic justice, and that’s a terrible way to grow our economy.

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7/22/14 Fake Applications for ObamaCare Tax Subsidies Show How Vulnerable Health Care Law is to Fraud & Abuse
7/10/14 U.S. Awards $190 Million Contract to Firm Accused of Fraud
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6/30/14 Dr. Coburn’s Statement on Hobby Lobby Ruling
6/24/14 Beyond the Waiting Lists, New Senate Report Reveals a Culture of Crime, Cover-Up and Coercion within the VA
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6/13/14 Senators Press Defense Department to End “Plugging” Numbers
6/3/14 Senators Coburn, Burr, McCain, and Flake introduce the Veterans Choice Act
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5/30/14 Dr. Coburn’s Statement on Resignation of Sec. Shinseki
5/30/14 Share Your Experience with Veterans Affairs Health Care
5/27/14 Hatch, McConnell and Coburn Question Accuracy of Obamacare Subsidies
5/21/14 Coburn, McCaskill Introduce Bill to Remove Idle Earmarks within Department of Transportation
5/7/14 Dr. Coburn Launches Probe of Sequestration’s Impact
5/2/14 Senate Doctors Introduce the SCOPE Act to Limit Power of Secretary of HHS
5/1/14 Senators Coburn and Udall Circulate Bipartisan Letter in Support of Earmark Ban
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4/28/14 Coburn Statement on Passage of DATA Act
4/8/14 Dr. Coburn’s Statement on New GAO Duplication Report
4/3/14 Bipartisan Group Introduces Bill to Stop the Government from Selling Reports Available Online for Free
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3/14/14 Udall, Coburn Welcome Support for Proposal to End Unemployment Benefits for Millionaires as Part of Extension of Long-Term Jobless Benefits
3/13/14 Senators Introduce Bill to Stabilize Funding for Patent and Trademark Office
3/13/14 Senate Says No to Childcare Handouts For Millionaires
3/12/14 Senators Introduce Bipartisan Bill Requiring Bureaucracy to Disclose Programs
3/11/14 Senate Says So Long to Taxpayer Funded Conventions for Political Elite
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2/26/14 Coburn Releases New Health Care Cost Report
2/18/14 Senate Doctors Question CMS Plan to Test ICD-10 Codes