Assessing the tax deal | Arkansas Blog

Assessing the tax deal

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Krugman studies further and is still of a mind that the Obama tax deal with Republicans is unwise — it will set up another hostage situation a year from now.

Meanwhile, details emerge
of a possible Obama strategy to begin a push next year for lower tax rates but increased revenue through an end to the web of deductions and tax credits. Would simplification be a winning strategy for Democrats? Only if Republicans let them pass it. And if altering the credits and deductions means more money for high-end taxpayers, I'd put the odds at small.

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