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Tuesday, November 20, 2012

Fiscal cliff compromise a wolf in elephant's clothing

Here we go again. The Republicans are skipping down the path toward obstructionism, aiming to get away with doing the least by convincing us it is the most they can do. It isn't. They will give it another sham title like "Tax Reform." It won't be. They're saying it will increase significant revenue by being "fair" to the middle class and the "job creators." It won't, and it isn't.

"The math tends not to work," said President Obama, at his first post-election press conference, last Wednesday. While he agreed with recent statements by Speaker of the House, John Boehner (R-OH), that "there are loopholes that can be closed, and we should look at how we can make the process of deductions, the filing process easier, simpler," the president added, "what I'm not going to do is to extend further a tax cut for folks who don't need it, which would cost close to a trillion dollars."

By focusing only on closing loopholes and changing the tax code, the Republicans are actually taking aim at middle class households. The top two percent aren't the only ones who benefit from deductions.

READ THE ENTIRE ARTICLE...

-PBG
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