Lower marginal rates on a broader base of income is a step toward real tax reform. Reduce the mountain of deductions, credits and incentives -- apply lower marginal rates to a greater aggregate of taxable income and in the process remain revenue neutral while simplifying the code. What's wrong with that?
The problem for Obama's supporters is that remaining revenue neutral might help curb federal spending. Fomenting class warfare is often an effective way to divert the conversation away from government spending.
|(This is a CEO, not a Community Organizer)|