Jim Pederson on Tax Reform
KYL: I support the tax relief that enables the economy to grow, so that we can bring in a record amount of revenue to the treasury and thus reduce the federal deficit. Because of the policies I've supported, we're going to get to a balanced budget. Not by raising taxes, as my opponent would do, but by reducing taxes to generate more economic activity, so the government collects more revenue.
PEDERSON: This administration started its term with a $500 billion surplus. With your acquiescence, you turned that into a $500 billion deficit. You're taking a myopic look at the economy, just focusing on one aspect--what do I need for a good business climate in Arizona? I not only need low taxes; but I need good schools, I need stable neighborhoods; I need rising incomes; I need safety for our citizens. That's being neglected.
KYL: One of the best ways to attract businesses to Arizona was by having stable and low tax rates.
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