"I’ve argued that Republicans should be willing to consider increases in revenue -- not through higher tax rates but through eliminating tax earmarks, such as that for ethanol, and other expenditure that misallocates capital."
"Tax earmarks" and "other expenditure" which "misallocates capital"?
Read "tax loss expenditures." In other words, the tax deductions which every nuclear family in the country depends on for its survival: mortgage interest, donations to charity, property taxes, state income taxes and the like.
THE GUY VIEWS YOUR TAX PAYMENTS AS THE GOVERNMENT'S CAPITAL. AND EVERY PROVISION OF THE TAX CODE WHICH DIVERTS YOUR MONEY BACK TO YOU HE VIEWS AS A MISALLOCATION.
If it walks like a tax increase and talks like a tax increase, it's a tax increase.
