Wednesday, November 21, 2012

Tax loopholes alone can't solve fiscal cliff

Tax loopholes alone can't solve fiscal cliff-politico.com:Raise revenues and reform the Tax Code? Easy — just eliminate all the tax loopholes, right? Good luck with that. “Eliminating loopholes” sounds a lot better than “raising rates”: The tax rate is what I pay, and a loophole is what the other guy gets.