Showing posts with label revenue. Show all posts
Showing posts with label revenue. Show all posts

Friday, November 16, 2012

Cliff . . .

So congressional Republicans claim they will never allow taxes to increase for wealthy Americans.  They claim that they will eliminate loopholes and leave tax cuts in place which will provide the additional revenue the country requires.

Conversely, President Barack Obama says that the amount of revenue that elimination of tax loopholes would generate, (while leaving tax cuts for the wealthy in  place) is not nearly close to the amount of revenue required to tackle the budget deficit.

It seems to me that the 'leave-cuts-eliminate-loophole' strategy either WILL or WILL NOT generate the amount of revenue required.  There is no OPINION involved.  This is an empirical issue and can be proved or disproved.

Either Congressional Republicans or the Administration should take it upon themselves to prove or disprove (OBJECTIVELY & AUTHORITATIVELY) the effectiveness of the strategy.  Or even better, if you can imagine, the news media could take it upon themselves to prove or disprove it (OBJECTIVELY & AUTHORITATIVELY) and actually provide a service to the general public for a change.






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