Re: Obama Understands Economics in Spite of Himself

> Did you catch that? “[T]o lower rates and raise revenues.” It is the reality of that negative correlation — and not a desire to comfort the rich at the expense of the poor — that lies behind the proposal to keep the Bush tax cuts in place on higher incomes.

Not necessarily. Another way, and the way I understood that they are
pursuing, is to lower rates but take away a lot of current deductions
and loopholes, thus raising revenue.

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