November 10, 2010

REFORM MATTERS, THE CUTS DON'T:

Extending Tax Cuts, but With a Catch: Top Democrats Link Keeping Bush-Era Breaks to an Overhaul of Tax Code; Republican Aides Say They Are Open to the Idea (JOHN D. MCKINNON, 11/10/10, WSJ)

Two top Senate Democrats floated the idea Tuesday of extending the Bush-era income-tax rates for a limited time only, and tying that move to an overhaul of the U.S. tax code or passage of policies to address the budget deficit.

The idea injects a new element into the ongoing political discussion about the tax breaks, which expire Dec. 31 unless they are extended, at a time of growing concerns about government deficits. The new proposals could lay the groundwork for a multi-year debate many experts say would be needed to overhaul the bulky tax code.


When you're offered a lever, take it.

Posted by Orrin Judd at November 10, 2010 6:17 AM
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