This plan would choke the economy. Getting rid of things like mortgage deductions and income tax exclusion for employer healthcare are great ways to slow housing and job recovery. Also, a 40 percent tax rate is ridiculous. No one should owe the federal government 40% of what they earn. Nor should they owe 15% or 25% of what they earn for that matter.
I think that we've got to go off this "cliff" and let it roll. I think this is a better "grand" "bargain" than any plan I've seen yet.
Ehyeh asher ehyeh.
"You and I are told we must choose between a left or right, but I suggest there is no such thing as a left or right. There is only an up or down. Up to man's age-old dream – the maximum of individual freedom consistent with order – or down to the ant heap of totalitarianism." -Ronald Reagan