Bloomberg:
The U.S. House’s top tax writer said he will start examining the merits of dozens of expired tax breaks.....
...“Far too many provisions in the tax code are temporary, making it hard for employers to plan, invest and create new jobs for American families,” Camp, a Michigan Republican, said in a joint statement with Representative Pat Tiberi, an Ohio Republican and chairman of a Ways and Means subcommittee. “We look forward to hearing from interested parties about the merits of these tax policies.”
Republicans are always complaining about the country's debt, but they haven't figured out (or they're just ignoring the fact) that they must get more revenue to wipe out the debt.
Pat Tiberi is on record supporting Republican Rep. Paul Ryan's budget (see link). The Paul Ryan budget is a plan to deprive you of your Medicare by giving you coupons to buy your own insurance. What they haven't told you is that the value of those "coupons" decreases every year until it just magically disappears.
The Paul Ryan budget which is supported by Tiberi, does nothing to solve financial problems for the country. The conservative U.S. News and World Report has this:
....Analysis by my colleagues at the Center on Budget and Policy Priorities shows how seriously the Ryan budget violates the Bowles-Simpson principle of protecting low-income households:
The new Ryan budget is a remarkable document—one that, for most of the past half-century, would have been outside the bounds of mainstream discussion due to its extreme nature. In essence, this budget is Robin Hood in reverse—on steroids. It would likely produce the largest redistribution of income from the bottom to the top in modern U.S. history and likely increase poverty and inequality more than any other budget in recent times (and possibly in the nation's history).On the tax side, meanwhile, the Ryan budget violates the principle that everything should be on the table; it relies exclusively on spending cuts to achieve its deficit targets. Indeed, it proposes new tax cuts that would cost $4.6 trillion over the next decade (beyond the cost of implementing Chairman Ryan's call to make all of the Bush tax cuts permanent), according to the Urban-Brookings Tax Policy Center. At the same time, he does not provide any details of how he would scale back the tax credits, deductions, and other preferences, known collectively as "tax expenditures" that the plan says it would use to finance those tax cuts.....
Pat Tiberi supports this legislation that has been described as "...Robin Hood in reverse..."?
Shame. Robbing the poor does not sound like a good goal.
