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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Date Title
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
2/13/14 Senators Question Intelligence Community’s Tracking of Core Contractors
2/12/14 New GAO Report Finds DHS Ammunition Purchases Declined Since 2009
2/10/14 Dr. Coburn Asks IRS to Clarify Enforcement of Individual Mandate
2/4/14 Dr. Coburn Releases New Report on Cybersecurity
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1/30/14 BURR, COBURN, HATCH: ANALYSIS SHOWS THERE IS A BETTER WAY THAN OBAMACARE
1/27/14 Dr. Coburn Unveils Obamacare Replacement - Patient CARE Act - with Senators Burr and Hatch
1/14/14 New GAO Report Finds Transparency Discrepancies with IT Dashboard
1/8/14 GOP Senators Express Concern Over HHS IG Report Citing Insufficient Oversight of Electronic Health Record Program
1/8/14 Senators Coburn, Warren Introduce Truth in Settlements Act to Make Federal Agency Settlements More Transparent
1/7/14 Carper, Coburn Highlight New Administration Proposal to Combat Fraudulent Drug Diversion From Medicare
1/7/14 Federal Agencies Continue Improper Payments to Deceased People
1/7/14 New GAO Report Finds Weaknesses with DHS’s Effort to Upgrade Key Border Enforcement System
1/6/14 Senators Highlight New Assessment on Government’s Transition to Major Telecommunications Contract Program
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12/17/13 Coburn Releases Annual Wastebook Highlighting Most Egregious Spending of 2013
12/16/13 Donnelly, Coburn Introduce Bill to Preserve Access to Manufactured Housing
12/16/13 Coburn to Introduce Wastebook 2013 at Tuesday Press Conference