the fiscal ledge has prompted granite jaw to unhinge his inner keynesian
the fuck wit calls for the expiration oof the bush cuts and then a big payroll tax cut
"...One path through this brick wall for the Administration would be to allow all the tax cuts to expire and thereby escape the intractable debate over those extensions. In the cacophony that follows, the Administration could then come back in early 2013 with a tax-reform proposal that reduces taxes (compared to the level with the expired tax cuts) disproportionately for middle- and low-income families. "
" One example of this strategy would be to combine a much larger payroll-tax holiday with an increase in the standard deduction. "
"This would provide a substantial tax cut for everyone who works, but the effect would be progressive since payroll taxes represent a larger share of income for low- and middle-income workers than for high-income workers. "
"As with the structure in place for the current payroll tax cut, general revenue would backfill the Social Security and Medicare Part A trust funds, so that the programs would not be harmed by the tax cut."
"The problem with simply cutting payroll taxes is that it leaves out nonworkers, like the elderly. Therefore the second component of this proposal would raise the standard deduction, which is claimed by almost two-thirds of elderly filers. This component would also be progressive, since almost all high-income taxpayers itemize their deductions and therefore would not benefit from an increase in the standard deduction, and it would simplify the tax code by removing the need to itemize for more taxpayers"
my my my !!!
but the old fiscal policy primster
hits his anti -slattern stride
remaining in the ultimo
ever so true to his corporate johns
" Raising the debt limit and waiving the immediate spending cuts
associated with sequestration
will undoubtedly require entitlement changes."
entitlement change means less out going
and more in coming
u see this is the Whoreslags
real wall street assignment
long range thinking
how to carefully prune the fruitful branches of the transfer system
while at the same time
spreading the system's extraction roots
deeper and wider into job class pay checks
