“There is no plan to simplify the tax code. It is too ingrained in the Dems (and too many Republicans) to use the tax code as both a carrot and a stick for social engineering instead of just using it as a method to collect the funds necessary to run government.”
Correct.
Obama has already engaged in political larceny by stealing the tax-cuts terms and abusing it to describe his IRS check giveaways.
Then he did a ‘fiscal responsibility summit’ the SAME WEEK he signed off on the $800 BILLION BOONDOGGLE SPENDING bill.
This frauduluent Tax Simplification group will make the same blue ribbon proposals a Bush group gave 4 years ago, and it will go down the same black hole, as Congress ramps up another useless tax-subsidy-break, all while jacking up tax rates on work and income and production.
“This frauduluent Tax Simplification group will make the same blue ribbon proposals a Bush group gave 4 years ago, and it will go down the same black hole, as Congress ramps up another useless tax-subsidy-break, all while jacking up tax rates on work and income and production.”
If Obama has no plans to simplify the tax code, he was foolish to add Marty Feldstein, who will be absolutely uninhibited about speaking his mind. Feldstein has done pioneering work on the efficiency losses associated with income taxes, concluding that increases in marginal tax rates among those with the highest incomes can produce economic losses of more than $2.00 for every new dollar of revenue gained. He is absolutely no friend to those wishing to grow the size of government or efforts to load new taxes on the “rich.”