Thursday, May 11, 2006
Knight Ridder: Pence votes in favor of low-tax, pro-economic growth policy
Kevin G. Hall and James Kuhnhenn of Knight Ridder write that yesterday the House voted 244-185 to extend low tax rates for Americans.
Here is an excerpt from the article:
"Conservatives say a low-tax policy will spur the economy and eventually raise government revenues, but they also say that government needs to rein in spending, a far more difficult task than cutting taxes.
"'The only way we're going to balance the budget is by pursuing economic policies that mean sustained growth over 4 percent (a year) and spending policies below the rate of inflation,' said Rep. Mike Pence, R-Ind., a conservative leader who has clashed with others in his party over spending practices."
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