Well, I wasn't referring to the budget deficit as a whole, just that deficit in revenues that would result from exempting from taxation a large number of current taxpayers. Maybe it seems old-fashioned, but I believe that if you exempt large numbers of current taxpayers from taxation, you will have to tax others more than you would otherwise have to tax them to raise the same amount of money.
I'll bet that doesn't really mystify you, does it? ;-)
Who says we need to raise the same amount of money.
I am for the government raising less money.