In response to:

GOP Strategic Retreat?

ericynot Wrote: Dec 08, 2012 11:54 AM
Jeff, I see your point, but not sure I agree with it. I don't have time to research this rather complex topic, but it's my understanding that states without an income tax (such as Texas, where I live) tend to make up that money with much higher property taxes. For instance, the avg. property tax rate in Texas is 2.57 vs. California (wh. has income tax) at .68. http://www.nytimes.com/2007/04/10/business/11leonhardt-avgproptaxrates.html?_r=0 If my belief is true, your proposal would advantage states that lean on property taxes (which are deductible) rather than income tax. Frankly, I hate both, for different reasons, but that's for another discussion.
Republicans are divided. President Obama won't budge. And more and more, it looks like the fiscal-cliff deadline of Dec. 31 will be missed.

It's now clear that Team Obama wants higher tax rates and revenue-raising tax-deduction caps to meet their $1.6 trillion revenue target. Spending cuts and entitlement reforms are vague to nonexistent. In fact, it could be that Obama not only rejects the across-the-board budget sequester, but that he actively seeks to raise spending, not cut it.

I guess it stands to reason that if you puff up his $800 billion revenue increase from last year, and double it to...