U.S. Senator Joe Donnelly is calling on his colleagues to reduce spending as part of the effort to overhaul the federal tax code. Donnelly sent a letter to Senate Finance Committee Chairman Max Baucus and ranking member Senator Orrin Hatch asking that they combine tax reform and spending cuts to put the country on the path to a balanced budget. Donnelly adds he looks forward to helping develop a tax code that is fair and fosters continued economic growth.
“While this process will require difficult choices, I strongly encourage the committee to use this opportunity to lay the foundation for long-term economic growth by investing in the fiscal security of our country,” Donnelly wrote.