Pelosi says flat "no" on closing loopholes in lieu of tax rate hike for wealthy. http://abcnews.go.com/blogs/politics/2012/11/nancy-pelosi-no-fiscal-cliff-deal-without-tax-rate-hike-for-wealthy/ …
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@mattklewis If we went with a cap, it had better be adjusted for inflation or we'll get bracket creep again. - 1 more reply
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@mattklewis biggest worry of a cap would be that the effective marginal rate over that cap would be very sharp, I would think.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@mattklewis@rickklein Pelosi won't support deduction cap because she doesn't understand their progressivityThanks. Twitter will use this to make your timeline better. UndoUndo
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@mattklewis instead of a cap. Why don’t we eliminate personal ded altogether?Thanks. Twitter will use this to make your timeline better. UndoUndo
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