De-deducting your way to $800 billion in new revenue
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Available information about Obama's fiscal proposal is surprisingly sketchy, unless I'm missing something. Forgive me, then, if I get something fundamentally wrong here. But the proposal is said to closely track Obama's 2013 budget, and it seems to me that if you moderately expand a key revenue raising proposal in that budget, it would be possible to raise $800 billion in revenue over ten years by reducing deductions for the wealthy. Maybe not desirable as an opening gambit, but hardly mathematically impossible.
De-deducting your way to $800 billion in new revenue
De-deducting your way to $800 billion in new…
De-deducting your way to $800 billion in new revenue
Available information about Obama's fiscal proposal is surprisingly sketchy, unless I'm missing something. Forgive me, then, if I get something fundamentally wrong here. But the proposal is said to closely track Obama's 2013 budget, and it seems to me that if you moderately expand a key revenue raising proposal in that budget, it would be possible to raise $800 billion in revenue over ten years by reducing deductions for the wealthy. Maybe not desirable as an opening gambit, but hardly mathematically impossible.