After watching Washington politicians double the size of the federal budget from 2001 to 2011, American taxpayers are now being told that “new revenue” is the only way to bring our soaring deficits under control.
In other words, prepare for another Boehning.
Hewitt mentioned this. The WaPo reports that Kyl and Hensaerling are going to bend you over the table and extract $300Bn or so by 'capping' mortgage-interest, state-and-local tax deductions, AND by jiggering the inflation factor for purposes of calculating the Alternative Minimum Tax. The state/local deduction cap will slam Wisconsin residents; the mortgage-interest cap will effect more deterioration in house values across the board.
There are better ideas.
It's clear that the "DC Minds" are stuck on stupid. Maybe a few pitchforks and torches will help them get it.
And maybe a swift kick in the ass is required.