RELEASE: Rep. Meadows Discusses Tax Reform with Wolf Blitzer
Washington, D.C. – On Monday, Rep. Mark Meadows (R-NC) interviewed with Wolf Blitzer on his CNN show, Wolf, to discuss the latest news surrounding tax reform.
Meadows particularly addressed the upcoming House vote on the Senate budget—the vehicle that will allow the two chambers to consider tax reform under reconciliation rules. If the House passes the Senate budget, it will allow tax reform to pass the Senate with only 51 votes.
“In this particular approach, we're looking at a Senate budget that would allow us to be a lot more aggressive on (cutting taxes),” said Meadows. “The president has been talking more about tax cuts than tax reform. We've got to be really aggressive in doing that to get the economy going or we don't even have a hope of not only funding our military, but funding other things like education and child tax credits--many of the things that receive great bipartisan support.”
Meadows also addressed the issue of repealing the estate tax, something that would directly impact constituents in his district:
“Really what it is with estate taxes for me are my farmers back home in North Carolina. What happens is you've got these family farms that if we don't (repeal) that, what we're doing is essentially taking it from those family farms and saying, you’ve got to get rid of it.
When we're talking about family farms, we're talking about a husband and wife that may be in their family, but they may have five or six children or heirs that go on. So it's about passing it on to those heirs and those family farms. If we can adjust it to address that, certainly giving the President benefit is not anything that is even on the radar for me or any of my colleagues in looking at that. Really, when we get down to it, should death be a taxable event, Wolf? I don't think it should be.”
You can watch the full interview here.