Did you miss this??
What do you think a rewrite in the tax code means ..to the tune of 800 billion???
An April 2011 analysis by the Joint Committee on Taxation, Congress’s tax-estimating panel, said about 51 percent of U.S. households owed no income tax in 2009.
If a tax code is rewritten to include these folks I’m all for it.
If we put the estimated 15M+ unemployed back to work that would raise revenues.
Closing loopholes in poorly written tax codes can raise revenue, although there’s no gaurantee any new language woulod be better.
Difference of opinion here but you can raise revenue without rasing taxes.
Until there is a “deal”, whatever it is, speculation is just that, speculation.
It will mean, at the least, that the two most productive tax deductions, charitable giving and home mortgage, will go by the wayside. Symbolically, that means that the middle class should BOHICA.