The current Congress has been unable to pass legislation reforming health care and Members are now debating tax reform. The U.S. House of Representatives passed a health care bill in May that would have decreased taxes, stimulated the economy, and provided a tremendous platform for tax reform. (here)

Evidence exists that a reduction in taxes can expand the economy and can increase the country’s gross domestic product. (here)

Lost in the debate, however, is any significant reduction in federal spending. As the 21^st Century rolls out, spending on health care will consume an ever-increasing percent of the federal budget. (here) Numbers from the non-partisan Congressional Budget Office show that spending on Medicare, Medicaid, as well as Obamacare represent the vast majority of increasing federal spending over the next decades. These entitlements also drive the ever-rising national debt.

By the mid-century, the country will not be able to tax its way out of this ever-increasing spending. The impact will ultimately be felt by future generations of Americans, with less disposable income and a poorer quality of life.

Congress must address not only tax reform, but must also greatly reduce entitlement spending. Obviously, the best place to start is meaningful health care reform.