tag:blogger.com,1999:blog-2135788133426971614.post6874997352659057119..comments2024-03-28T01:09:48.303-07:00Comments on 21st Century Taxation: Congressman Camp seeking comprehensive tax retormProfessor Nellenhttp://www.blogger.com/profile/03288632402197167948noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2135788133426971614.post-80326294918972715572012-05-17T17:03:34.189-07:002012-05-17T17:03:34.189-07:00the peter peterson foundation fiscal summit reveal...the peter peterson foundation fiscal summit revealed that BOTH parties' positions have NOT changed much since august 2011...no progress will be revealed until after the november elections...its hard to imagine any solution (without massive cuts to entitlements) that does NOT have a net effect of raising taxes...whether you lower tax rates BUT eliminate deductions & credits OR just raise tax rates & keep the deducts/credits; If employment & the economy get substantially worse that could be what the republicans need to win the presidency & maybe more senate seats...otherwise nothing looks to be changing with the balance of power; obama might try invoking executive order to raise the debt ceiling this time around when the deadline gets closer...which would probably trigger a call for impeachment by some in congress...the Fed rolling out QE3 could also play into limiting economic fall out...quite a show to come;syarnallhttps://www.blogger.com/profile/11314776399218101185noreply@blogger.com