Rational Nation USA

by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Liberty -vs - Tyranny Well, nobody likes the idea of raising taxes, but revamping the tax code, which is rife with loopholes, and then lowering the marginal rates and reducing the number of tax brackets may not be such a bad idea. The 'Gang of Six" plan to reduce the debt through spending cuts coupled with increasing revenues over the next decade just might have merit. It's worth considering anyway. From the Associated Press . WASHINGTON (AP) — Leaders of a bipartisan "Gang of Six" senators said Tuesday that they've reached agreement on a major plan to cut the deficit by more than $4 trillion over the coming decade in what could be a bold entry into a debate on the deficit long bogged-down by bitter partisanship. More than $1 trillion of the deficit cuts would come from tax increases reaped as Congress overhauls the loophole-choked U.S. tax code. It would also repeal a...

by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Liberty -vs- Tyranny Seems sensible does it not? Or is it just conservatives that understand a government ought to be run like a successful business. Or household for that matter. From The Hill . House Republican leaders have thrown their support behind the "cut, cap and balance" plan that conservatives are demanding in return for an increase in the federal debt ceiling. According to lawmakers who attended an 8 a.m. meeting of the Republican Conference, GOP House members rallied Friday behind an effort to cut spending, cap spending in future years and pass a balanced-budget amendment to the Constitution — a package that has been pushed in the House by the Republican Study Committee (RSC). “We asked the president to lead, we asked him to put forward a plan, not a speech — a real plan — and he hasn’t. We will,” Speaker John Boehner said (R-Ohio) after the meeting. Boehner was asked if th...