Domenici: Ending Bush tax cuts would help reduce the deficit

Retired Sen. Pete Domenici (R-N.M.) on Monday told The Hill that ending tax cuts enacted under President George W. Bush would help reduce the deficit, but he stopped short of advocating their expiration. 

"Does it [extending Bush tax cuts] make it harder to get us where we have to go? Yes," he said.

Domenici is a senior fellow at the Bipartisan Policy Center, a non-profit organization looking for ways to reduce the deficit and debt. Absent immediate action, the group predicts publicly held debt will spiral out of control. 

Domenici said the key to reducing the red ink is raising public awareness about dire consequences the country faces if nothing is done soon.