8.02.2011

The new buzzword

Obama says debt bill not only step to economic recovery | Reuters

In a Rose Garden statement, Obama made clear he expects tax reform to emerge from deliberations around a new joint bipartisan committee...

"Tax reform" in the Tea Party (Norquist) lexicon emphatically does not mean added revenues. Tax reform is to be revenue neutral, these guys say. Just so you know. I'm thinking we'll be hearing a whole lot about tax reform in the coming months and nearly all of it will be pure BS.

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