In
my post yesterday on the Wall Street Journal's
report of a possible debt plan compromise in the Senate, I
mentioned that the included tax overhaul provision might be a point
of contention. Sure enough, today the three Republican senators
involved in the negotiations, Chambliss, Coburn, and
Crapo,
sent a letter to Americans for Tax Reform president Grover
Norquist affirming that they aren't going to vote for any plan that
raises taxes.
It is hard to believe (a) that tax-policy changes would generate
as much increased growth and thus revenue as the dealmakers are
aiming for or (b) that Democrats would ever sign a deal that
includes no net tax increases and large reductions in planned
spending.
Occam's Tool| 2.18.11 @ 5:22PM
It is Tax Reductions That Will Result In Increased Government Revenue, Not Tax Increases.
The Tea Party Rises.
Sharia Delenda Est.
PattyMor| 2.19.11 @ 2:54PM
Yeah, but the Demons would never sign onto a plan that doesn't screw us all (except the welfare recipients).