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Pepperdine University School of Law

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Thursday, November 29, 2012

NY Times: Still Dodging Reality on Taxes

New York Times editorial:  Still Dodging Reality on Taxes:

Congressional Republicans seem to think they are being flexible on taxes simply because a few of them have grudgingly admitted that some new revenues can be part of the current fiscal negotiations. We’re unimpressed.

No credit is due to a party that has suddenly accepted the obvious when it has no choice, particularly after two years of irresponsibly reducing the deficit only from the spending side. True flexibility means acknowledging that tax rates for the rich have to go up, and then negotiating how much and which ones. But, so far, Republicans have been just as closed to that reality as they have been for years, ignoring both the election results and the plain arithmetic of deficit reduction.

http://taxprof.typepad.com/taxprof_blog/2012/11/ny-times--8.html

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