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View Diary: Deficit commission non-report still not a reasonable budget compromise (39 comments)

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  •  Look at corporate vs. individual taxes (1+ / 0-)
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    The simples illustration of the true priorities of the Simpson-Bowles proposal (other than Simpson's insane demagoguery on Social Security) is its treatment of different taxes.

    For corporate taxes, it proposes to close tax loopholes and lower rates because the result must be "revenue-neutral." (Gee, what's a revenue-neutral proposal doing in a report from a deficit commission?)

    For individual taxes, it proposes to eliminate tax breaks and not lower rates.

    Translation: Your taxes go up, corporate taxes go down (or stay the same, in the unlikely instance that the "loopholes" actually get closed and don't get replaced with different ones.)

    Repeal the Reapportionment Act of 1929!

    by Redshift on Thu Apr 07, 2011 at 03:27:05 PM PDT

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