Assistant House Minority Leader James Clyburn, D-S.C., argued in a Washington Post op-ed on Monday that “jobs, cuts, and revenue” must be part of any plan for “real deficit reduction” passed by the super committee.
Job creation “will generate tax revenue and reduce the need for government assistance,” wrote Clyburn, one of the 12 members of the Joint Select Committee on Deficit Reduction. “Targeting waste, fraud, and abuse” as well as duplicative programs--including “waste and fraud in Iraq and Afghanistan”--will also be necessary, he said.
“While I think our current tax code is unfair and in need of massive overhaul, the super committee does not have the time or resources to sufficiently reform the tax code,” Clyburn said. To raise revenue, he suggested reducing inequities, closing loopholes, and eliminating "outdated and unnecessary tax subsidies.”
Clyburn wrote of a “growing wealth gap in this country” that must be addressed, and he argued that trimming wasteful spending “need not be accompanied by slashing essential services such as education and shredding our social-safety nets--Social Security, Medicare, and Medicaid.”
Clyburn stressed that creating jobs, instituting budget cuts, and raising revenue are best dealt with together. "Pursuing them separately will weaken our efforts and could doom our mission," he said.
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