Sen. Tom Coburn (R-Okla.) said Sunday the federal government can save $1 trillion though tax reform, a proposal that will put him at odds with some GOP colleagues.
Coburn plans to unveil a $9 trillion deficit-reduction package Monday that would give lawmakers a menu of policy options to reduce the deficit.
Coburn has suggested $1 trillion in savings could come from eliminating special tax breaks, such as the tax subsidy for ethanol, which he has fought to end.
He also wants to reduce Pentagon by $1Tn over 10 years. That draws this reaction from Hot Air:Coburn calls it “common sense” that the Pentagon’s budget can be reduced by this amount, but it’s only “common sense” if the cuts come as part of a redefinition of the use and extent of American military power around the globe. We can’t fight three wars and expect to literally decimate defense spending over the next decade, and we probably can’t afford our heavy investment in Europe, either. If those cuts come as part of a rethinking of America’s political and military approach, then it’s certainly possible, but it will mean a serious rethinking of our role in global security.
Umnhhh, yah. And it's about damn TIME that we "re-think" that role. We can pass on "GloboCop", I think.