Begich Presses Fellow Democrats on Meaningful Deficit Reduction
Calls for Comprehensive Tax Reform, Spending Cuts – Not Easy Political Tricks
U.S. Senator Mark Begich today led a group of moderate Senators in calling for significant tax reform and meaningful deficit reduction. With sequestration looming and no bipartisan alternatives currently on the table, Begich spearheaded a letter to Chairman Patty Murray of the Senate Budget Committee and Chairman Max Baucus of the Senate Finance Committee expressing concern about any future tax proposals that would unfairly single out the oil and natural gas industry.
“We must get our deficit under control and that means we are all going to feel the pinch, but we will never get our spending under control if we simply fall back on political targets rather than putting all options on the table,” Begich said. “I have long supported comprehensive tax reform and believe we need a flatter, fairer tax code, but penalizing one industry is nothing more than a short-term fix to a long-term problem.”
The letter specifically explains that domestic energy production and refining has consistently led economic growth in recent years. It also cites estimates that the U.S. oil and natural gas industry’s total direct and indirect impact on employment accounts for 9.2 million full-time and part-time jobs in the United States and 7.7 percent of our nation’s Gross Domestic Product.
Senator Begich was joined on the letter by Sen. Mary Landrieu of Louisiana, Sen. Heidi Heitkamp of North Dakota, and Sen. Mark Pryor of Arkansas.