Louis Woodhill isn't fooled by Gang of Six types, Gang of Twelve types, or any other types looking for increased revenues from tax reform flying under the banner of eliminating tax loss expenditures while making the Bush brackets permanent:
Republicans want to reform the tax code and broaden the tax base in return for lower tax rates. However, they must insist that such reform be (at most) “revenue neutral”, because an effort to get more revenue via reform would mean higher tax rates, and therefore lower economic growth. An increment of economic growth provides somewhere between 27 times and infinitely more benefit to federal finances than raising taxes. So, no thanks.
And he says No Thanks to about seven other things, too, here.
