Tipton should join Gang
Multiple plans for dealing with the federal debt have been discussed this week. The most promising is the Gang of Six plan released Tuesday, to the acclaim of the White House and many senators on both sides of the aisle.
The problem will be in the House, where many members are opposed to any increase in federal revenues, even if those increases come from cutting tax credits and deductions.
Also on Tuesday, the House passed the so-called “Cut, Cap and Balance” bill that would cut trillions in federal spending, would not raise revenue and would require Congress to approve a balanced budget amendment to the Constitution. Colorado’s 3rd Congressional District Rep. Scott Tipton voted for that plan, following through on pledges he made on the campaign trail last year.
However, the Cut, Cap and Balance bill was pure political theater. Even its staunchest supporters know it won’t be approved in the Senate or signed by the president. And, even if Congress approved a balanced budget amendment, the legislature of each state would have to approve it, something that could take years or decades.
With that vote out of the way, it’s time for a more practical approach to attacking our federal debt. The Gang of Six plan, which not only cuts trillions in spending, but simplifies the tax code and lowers the top tax rate, appears to be that practical approach.
Details remain sketchy on the plan, and it could change as it moves through Congress. But we hope Tipton — as well as other pragmatic Republicans in the House — will consider joining the Gang of Six and support its sensible approach to reining in debt.