Tricky, Tricky Mr. Obama
Today the Obama administration let loose two big exploratory ideas in a first (but surely not the last!) nervous attempt to wring more revenues out of a distressed economy.
Sphere: Related ContentIdea 1: Use the revenues generated by cap and trade to pay for health care tax credits for lower-income people.
Idea 2: Disallow about 25% of itemized deductions for upper income taxpayers.
What do these ideas have in common?
First, they are very sneaky.
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