Monday, November 7, 2011
Stephen Moore has peak inside the goings on of the deficit-reduction committee. According to Moore, the Democrats on the committee are being less than serious in the pursuit of deficit reduction by far offering tricks and shenanigans instead of actual spending cuts. For one, "Democrats want to count the $900 billion of discretionary spending cuts already agreed to in the debt bill and $1 trillion in troop withdrawals from Afghanistan and Iraq." Nonetheless, Moore also reports possible common ground on some sort of personal income tax reform that will lower rates (or make the Bush tax rates permanent) in exchange for eliminating some deductions, and changes to corporate taxes which would do something similar.