taichiliberal
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- Aug 11, 2010
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- #1
Paul Krugman is not someone that I agree with all the time, but even he sees the error of the National Commission on Fiscal Responsibility and Reform that Obama approved of. It's one of the reasons why he's lost a lot of confidence and support from the people that elected him:
The Hijacked Commission
By PAUL KRUGMAN
Published: November 11, 2010
http://www.nytimes.com/2010/11/12/op...n.html?_r=2&hp
Actually, though, what the co-chairmen are proposing is a mixture of tax cuts and tax increases tax cuts for the wealthy, tax increases for the middle class. They suggest eliminating tax breaks that, whatever you think of them, matter a lot to middle-class Americans the deductibility of health benefits and mortgage interest and using much of the revenue gained thereby, not to reduce the deficit, but to allow sharp reductions in both the top marginal tax rate and in the corporate tax rate.
The Hijacked Commission
By PAUL KRUGMAN
Published: November 11, 2010
http://www.nytimes.com/2010/11/12/op...n.html?_r=2&hp
Actually, though, what the co-chairmen are proposing is a mixture of tax cuts and tax increases tax cuts for the wealthy, tax increases for the middle class. They suggest eliminating tax breaks that, whatever you think of them, matter a lot to middle-class Americans the deductibility of health benefits and mortgage interest and using much of the revenue gained thereby, not to reduce the deficit, but to allow sharp reductions in both the top marginal tax rate and in the corporate tax rate.