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View Diary: GOP tax bill 'dead before arrival' (46 comments)

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  •  Magical belief (7+ / 0-)
    There’s a magical belief among some of our members that you can lower the rate to 25 percent by just eliminating unpopular deductions.
    And among other GOP members there's also a magical belief that lowering the tax rate to 25% (or 10% or whatever) will pay for itself by generating additional economic activity. That's why they can't consider eliminating any deductions that might hurt some rich taxpayers somewhere. It's because the party is divided between the people who pay lip service to Economics 101, and the other ones who've veered far off course and deep into the land of fantasy economics. And for this we can say thank you Ronald Reagan.

    You will not be punished for your anger. You will be punished by your anger.

    by mstep on Wed Feb 26, 2014 at 08:29:45 AM PST

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