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November 27th, 2012
10:33 AM ET

Sen. Toomey explains his opposition to tax increases

With just 35 days left before the United States falls off the fiscal cliff, leaders in Congress have their work cut out for them. Major tax increases and spending cuts go in affect immediately starting January 1st unless Congress can come to a compromise.

Republican Senator Pat Toomey of Pennsylvania was a member of the Deficit-Reduction Supercommittee last year. He joins Starting Point live from the Russell Rotunda to weigh in on what it's going to take to reach a deal and to discuss his opposition to tax increases.

"I'm in favor of moving in the direction of a flatter tax system, of fewer brackets, lower rates, simplicity, where we get rid of all of the distortions that happen in the tax code, rather than speculating about how many different new brackets we should create," Sen. Toomey says.

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