In response to:

Obama in 2011: We Can Achieve $1.2 Trillion in New Revenues Without Raising Tax Rates

T172 Wrote: Dec 05, 2012 1:53 PM
Lets talk about loopholes. The five most expensive loopholes are: 1. Exclusion of employer-sponsored health insurance — $164.2 billion 2. Exclusion of employer pension benefits — $162.7 billion 3. Mortgage interest deduction — $99.8 billion 4. Exclusion of Medicare benefits — $76.2 billion 5. Lower capital gains rates — $71.4 billion Yeah none of those are getting cut since they're all wildly popular, so what loopholes are you guys talking about?
Joseph64 Wrote: Dec 06, 2012 4:51 AM
So you think employers should be taxed on the money they contribute to employees healthcare and pensions? Are you insane? If you tax them on that then they will go away. Why should they give the money to employees as a benefit if they are going to be taxed on it when they can just keep the money for themselves?

Three quotes to whet your appetite, followed by the punch line from the president.  House Republicans' latest "fiscal cliff" resolution package -- originally proposed by Democrat Erskine Bowles -- includes $800 Billion in new federal revenues, while lowering tax rates across the board.  Democrats instantly rejected the idea, making a heavy play about "the math" not adding up.  They've repeatedly contended that Republicans' plan to expand the tax base by closing loopholes, eliminating or capping deductions, and limiting credits cannot hit their projected revenue target.  (1) White House Spokesman Jay Carney: "