While channel surfing I stumbled on the Super Committee hearings on C-Span. There was Mr. Kerry doing Q/A with a panel of selected specialists who were to give him the desired answers so that he could say “expert opinion” said to “do this”.
What was his question? ~”Is it not true that we could put revenue on the table without raising the tax rates by changes in the tax code? That we could do this by ‘broadening the base’?” He also mentioned the particular need for $1 Trillion of taxes. This got an affirmative answer, and Kerry gave a small smile/smirk that he almost managed to suppress.
My take on it? The Dimocrats want to raise taxes by $1 Trillion, but know the Republicrims won’t let them raise tax rates on Their Rich Friends. So… time to pull thick wool over voters eyes. Diddle the Tax Code so as to have folks pay $1 Trillion more, but keep the nominal tax rates the same. See, no “tax (rate) increase!”… So, time to set the “bullshit” flag on “Broaden The Base”. When you hear that phrase, you now know it means “increase taxes to the Feds by diddling the tax code”. And the fight will be over exactly who’s base gets ‘broadened’…
Lies, damn lies, statistics and then there are politicians.
There was more, basically in the same mold. “How can we tax and spend more while having a creative enough lie to fool the dupes?”
At this point I’m of the opinion that the best thing the SuperCommitted can do is fail to reach agreement and have blanket cuts kick in. It’s clear that any agreement reached will just be an agreement that both sides managed to rob a third party. IMHO, of course.
So “watch this space”. We have until Thanksgiving for this committee to grope each other before they decide to rape the taxpayers. With luck, they’ll get so involved with grappling each other that they can’t get a hand free to put in our pockets.
Don’t expect to see that “broaden the base” make it to the nightly news… Wonder if C-Span has a searchable archive?…