As our lawmakers try to prevent us from falling off the “fiscal cliff” when the Bush tax cuts expire with the new year and mandatory federal reductions click in, Matt Miller argues that BOTH Republicans AND Democrats are laboring under two wrong ideas when it comes to taxes.
Republicans believe our fiscal woes can be solved by cutting taxes. And Democrats believe our fiscal problems can be solved by raising taxes on the rich. Miller tries to show why neither will work and how such ideological blinders will prevent effective solutions.
Perhaps it isn’t that one side is right and the other wrong, or that both are partially right, but that both are wrong! Where does that leave us?
If this is true, does anyone have any viable suggestions for putting our financial house in order?