VIDEO: Rep. Renee Ellmers on Rumored Tax Increases in Debt Deal
WASHINGTON, D.C. -- Many here in the nation's capital are preparing themselves for the debt supercommittee to fall short in reaching a deal to find $1.2 trillion in savings before the November 23rd deadline. A few reports have surfaced suggesting that Republicans, who have been adamantly opposed to raising taxes, may make room for tax increases after all.
I caught up with Rep. Renee Ellmers (R-NC) at the Women Working for Change Conference here in Washington and asked her about the debt deal and if tax hikes were in our future. While the Congresswoman was optimistic that a deal could still be reached, she did discuss ways that Republicans are considering raising revenue by closing loopholes and making reforms to the tax code.
Catch the full interview below: