Originally Posted by Saul Too
Creating a broader, more stable tax base while eliminating loopholes that overcomplicate the tax code and favor those who can afford the best accountants/lawyers doesn't sound like a good plan for deficit reduction? I guess Obama's your guy, then.
Eliminating loopholes and simplifying the tax code make a great deal of sense.
Creating a broader tax base isn't done by signing a new law though and there are a lot of factors that could hold this part of the plan back. This reduces my confidence in it's ability to close to deficit gap.
But by all means feel free to throw your hands on the air and tell me to vote for the other guy because I'm asking questions. More than one person has advocated raising taxes in this thread. I'm simply pointing out that it hasn't been possible in our current political climate. Others like yourself are suggesting more "revenue", which is a totally different argument. On paper it makes sense. If the global economy shits all over everyone next year then it's not going to work and we'll be back to saying deficits don't matter.