This is definitely one of those moments in which I don’t understand what Republicans don’t understand.
So, Brendan Buck, House Speaker John Boehner’s (R-Ohio) press secretary, thinks the Democratic talking point on tax loopholes has been “punctured” because White House Press Secretary Jay Carney has “finally admitted” that Republicans support closing said loopholes.
I haven’t the foggiest idea what this is supposed to mean.
The basics are not at all complicated. Democrats and Republicans agree that the federal tax code is littered with loopholes, unnecessary deductions, and lucrative giveaways. Democrats and Republicans also agree that it makes sense to reform the tax laws, simplify the system, and save the public hundreds of billions of dollars.
The parties disagree, however, about what to do with the savings. Democrats want to close the tax loopholes and apply the new revenue to lowering the deficit and reducing the nation’s long-term debts. Republicans also want to close the tax loopholes, but instead want to apply the savings to more tax cuts for the wealthiest Americans “job creators.”
None of this is new. On the contrary, this is just a basic summary of the standing argument that both sides of the aisle have been dealing with for quite a while.









