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Old 02-06-2013, 12:43 PM   #107
patteeu patteeu is offline
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Quote:
Originally Posted by BigRedChief View Post
I agree. Thats why it has to be a balanced approach.
Not really. The balance should be between economic growth and balancing the budget (either through increased revenues or decreased spending). The decision between decreased spending or increased revenue is more about what size government you want to end up with.

Republicans are more than willing to pursue increased revenue as a part of a growth-oriented tax reform. But they aren't willing to embrace Obama's "new normal" levels of spending.

Quote:
Originally Posted by BigRedChief View Post
Theres Billions of $'s in tax loopholes there to be cut. $4 billion in oil subsidy's. $2 billion in limiting mortgage deductions on 2nd homes at $500K etc.etc.
Tax reform should involved reducing rates and expanding the base by eliminating special tax breaks. But the goal should be economic growth, not increased progressivity or punishing business/management in favor of the working class.
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