Patrick Toomey actually said...

tax reform is spending cuts. There is no difference if I give you a mortgage interest deduction or I cut you a check.

Toomey emphasizes that tax reform equates to spending cuts from an economic perspective.

12/05/2012

More Patrick Toomey Quotes

I share a concern... about the danger that we slide back into some variation of the status quo prior to the financial crisis.

what you want to do is eliminate the discretion, put a fixed set of rules in the hands of a bankruptcy judge

In a market-based economy, in a capitalist system, in a free society, you have to be free to fail.

But would you agree that in Title II of Dodd-Frank there is an explicit mechanism by which the regulators are empowered at their discretion ...