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Discussion: (6 comments)

  1. Todd Mason

    Your analysis assumes that Rs escape the 2014 election cycle. It is possible — possible — that voters deliver Reality Check II.

    1. “that voters deliver Reality Check II.”

      reality check = more free shit for me, tax thee.

      But don’t be so cocky, Todd. Obama’s IRS goon squad might be a little hesitant with vote suppression next cycle.

      1. Todd Mason

        Reality Check II being that trickle down is a scam, just like David Stockman described it 30 years ago.

  2. mesa econoguy

    Correct Jim, but there is no danger of that happening.

    Several government projections – all of them wrong, including CBO – have all built-in unrealistic growth assumptions.

    The Trustee for Socialist Insecurity used these wildly optimistic numbers in its most recent report to Congress –

    – Real GDP will be increasing rapidly for the next few years. These are the estimates for Real GDP:
    2013 – 2.2%
    2014 – 3.4%
    2015 – 4.0% – Not happening…
    2016 – 3.8% – Not happening…
    http://www.zerohedge.com/contributed/2013-06-02/2013-social-security-report-congress

    I argue 2.2 in 2013, and 3.4 in 2014 aren’t happening either.

    Tax reform will go nowhere until either the Democratic party ceases to exist (unlikely), or we get another recession (likely).

  3. Charlie
  4. Paul Livingsron

    I want my freedom back! …End the IRS…Stop direct taxation on jobs and income…Repeal the 16th Amendment and…the solution is the FairTax® bill HR25 / S122 that ends the IRS, stops direct taxation on jobs and income and starts the repeal of the 16th Amendment. The FairTax eliminates the income tax, payroll taxes, capital gains tax and estate taxes and replaces the same tax revenue with one progressive sales tax on new goods and services. The flat tax is still an income tax with the IRS. Learn more at fairtax.org

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