Loophole delusion
by digby
I'm glad to see that we are finally going to take a look at what the holy grail of tax reform --- "cutting tax expenditures" --- is really all about. I've been somewhat pathetically waving my arms about this for many months now, from the time I first saw Saxby Chambliss and Mark Warner giving each other goo-goo eyes about it on CNN last spring. Now that it's becoming part of the Supercommittee discussions, the real agenda behind it is rising to the surface.
Atrios explained the problem with all this earlier today as only he can:
If we agree to scrap some stuff that benefit middle class people in exchange for scrapping some stuff that benefits rich assholes and corporations, next year the lobbyists will be back. And who has the better lobbyists?
Exactly. This is not a fair fight.
It's still a question as to whether or not the Teabag faction will give up their ideological purity for a long term win on this, but there can be no doubt that they are about to be offered one.
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