Time to let Congress know that lowering tax rates is what we're after NOT deductions that many Americans don't use, though lots of us do take advantage of merely as a way to lower our overall rates.
You're half right. Special interest groups, such as hedge fund managers, buy off politicians, who then give them special tax treatment. However, it's not the rest of us paying, at least not today. It's our kids who are paying, as these tax expenditures are being financed with debt.
That's why I'm okay with eliminating tax expenditures without immediately lowering tax rates, though, of course, I would take lower tax rates if I could get them.
The trouble is, we'll never get lower tax rates as long as the Dems control the Senate and the White House.
Why not take this deal down, spending cuts and the elimination of some tax expenditures, and then make lower rates a theme of the campaign in 2012?