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To: markomalley
Once again, a newspaper dazzles with incompetent reporting. The linked story gives absolutely no specifics about what Boehner endorsed. $300 billion in higher tax revenues does NOT necessarily imply higher tax rates. One could also get $300 billion from closing loopholes ("tax expenditures"), which I might approve of if we chose the right ones. It could also be generated by any number of tax reforms that would generate higher revenues scoreable by the CBO. I would be all in favor of that.

The linked story speaks in non-specific terms of higher taxes, higher tax revenues, and tax reform, as if these terms were interchangeable. This probably reflects the reporters' level of understanding, which is apparently at the kindergarten level.

15 posted on 11/16/2011 3:01:20 AM PST by sphinx
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To: sphinx

Yeah... you’re in favor of higher taxes. Engaging in sophistry is the oldest rhetorical trick in the world.

And you believe everything politicians say?

If you want to increase taxes, say so honestly. But drop the weasel words. Its an insult to people’s intelligence.


18 posted on 11/16/2011 3:04:47 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: sphinx

To clarify: there are any number of PRO GROWTH tax reforms that would generate higher revenues as a growth dividend scoreable by the CBO. Capital gains taxes are the textbook example: we have repeatedly generated higher tax returns by cutting the capital gains tax rate. This simply means that capital gains taxes have been above the point of diminishing returns on the Laffer Curve. There are many aspects of the tax code that retard investment and growth. Eliminating these would increase growth and revenues. I hope that is what Boehner has in mind, but I await the details.


21 posted on 11/16/2011 3:08:03 AM PST by sphinx
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To: sphinx
One could also get $300 billion from closing loopholes ("tax expenditures"), which I might approve of if we chose the right ones.

Translation: "as long as they screw the other guy and not me."

Look: There is one good conservative means to increasing revenues: do whatever you need to do to grow the economy, and increases in revenues will follow as night the day.

Closing loopholes, changing rates, these are trivial and nonsolutions, no matter what the numbers, they can only be neutral at best and most likely negative.

118 posted on 11/18/2011 8:49:39 PM PST by hinckley buzzard
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