Simpson Says Tax Increases are Necessary

And a little more on taxes…

At a panel discussion in Denver on reducing the nation’s debt, former Sen. Alan Simpson (R-WY) said tax increases were needed to help balance the budget, according to the Colorado Statesman.

Said Simpson: “We’ve never had a war with no tax to support it, including the Revolution. People are told in Congress if they raise taxes by a nickel, they’ll be strung up by their heels in the town square.”

Simpson also recounted how he confronted anti-tax crusader Grover Norquist and they exchanged words over the legacy of Ronald Reagan, claimed by both as their personal hero. When Reagan was president, he raised taxes 11 times, Simpson said, a bit of history that made Norquist squirm.

via Simpson Says Tax Increases are Necessary.