With the fiscal cliff looming, Republicans are indicating some flexibility on taxes, at least for the higher income brackets. Naturally, this is generating some opposition:
To start with, Kristol misunderstands the opponents of the tax increases on the rich, whose main goal is not to ensure that the rich get to keep more of their money. Their main goal is to prevent the federal government from obtaining a new source of revenue. Why might that
Here’s Paul Ryan’s third video, this time on our tax code:
Needless to say, I love the idea of overhauling the tax code. And given that everyone involved is giving vocal support to the idea, I’m not sure why it isn’t happening. Well, other than the huge carve-outs every politician wants to leave for his favored industry.
When I showed this to my wife, her reaction was, “Why isn’t he running for President?” I actually … Read more
Reports are that the budget talks are falling apart. The Democrats have agreed to several trillion in budget cuts. But the GOP is refusing to budge even a little bit on taxation.
If I read the reports correctly, we would get something like five dollars in spending cuts for every dollar in tax increases. This is far better deal than we got under Reagan, Bush 41 or Clinton. The GOP should hold out as … Read more
