Default Image

Statement from David H. Koch on Reducing the Federal Deficit

“It is my hope that Democrats, not just Republicans, will become part of the effort to reduce the federal debt by right sizing government and restructuring unsustainable entitlement programs. For that to happen, corporate subsidies and tax preferences not applied equally should be eliminated, or simplified in a revenue-neutral way, which I alluded to last week (“The Republicans’ new Koch,” editorial, Sept. 3). Broad-based tax increases make no sense; they would only slow an economy in tremendous need of growth. The Democratic Party has a perfect opportunity at its convention to join Republicans in pledging to stabilize America’s finances. They should seize it.”