If you don't get spending under control, eventually you're going to have a big tax increase.

While in Congress he voted to reduce the capital gains tax to eliminate the estate tax to cut small business taxes to eliminate the "marriage penalty" to first cut federal income taxes and other taxes by $958B over 10 years (the Economic Growth and Tax Relief Reconciliation Act of 2001) and later to make these cuts permanent to reduce capital gains and income taxes by nearly $100 billion (the Economic Security and Recovery Act of 2002) and to expand and extend multiple tax credits to individuals and businesses. Bush. Senate Toomey served as the U.

S. In the U. In 2011 he also served on the Joint Select Committee on Deficit Reduction.