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Why Liberals Hate the New Simpson-Bowles Deficit Reduction Plan

Kevin 354 Wrote: Feb 21, 2013 2:36 AM
According to the current tax rates, inflation wil put large numbers of the working poor into significant tax brackets, thus creating a significant revenue source--the poor will be, yet poorer.
Jeff6235 Wrote: Feb 21, 2013 6:32 AM
Tax brackets are inflation adjusted. Reagan did that for you.

The short and obvious explanation is that the revamped proposal emphasizes spending reductions, which is a blow to Democrats' false mantra du jour; namely, that the country doesn't have a spending problem.  The Atlantic's Derek Thompson gripes that the new bipartisan framework, advanced by the former co-chairmen of President Obama's fiscal commission earlier this week, emits a distinct whiff of Republicanism. The MSNBC crew is predictably unimpressed, as are lefty bloggers like