On Wed, Dec 1, 2010 at 2:10 AM, Dorene Cornwell <dorenefc at gmail.com> wrote:
> Hi Y'all
>
> I have been lurking, not even reading much for awhile, so apologies if
> I have missed the definitive LBO take on the Bush era tax cuts. Today
> I have been thinking about the parade of panels about deficit
> reduction and the partisan posturing about the Bush era tax cuts. Plus
> I have a penchant for swimming upstream.
>
> What would happen if someone had the guts to suggest just letting the
> tax cuts expire for everyone? Doesn't that sound like an awesome way
> to get started on deficit reduction. No class warfare. Everyone has
> skin in the game, not just those high earners we all aspire to be.
> Everyone, well except the 10% or whatever who are unemployed unless
> their unemployment means they have taxable income.
>
> Sounds so simple. What am I missing? What would be the fiscal impact
> and would it mean people could keep, say, their mortgage interest
> deduction?
>
> Just wondering....
>
> DC
> Seattle WA
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