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A Few Years From Now You're Going To Wake Up With A Bunch Of New Taxes

A Few Years From Now You're Going To Wake Up With A Bunch Of New Taxes

We’re coming down to the wire on the debt limit. “Hard” deals are now being put on the table. The Republicans have said all along they don’t want any new taxes. But only a fool could think this can be done without a significant amount of revenue increase. So if we’re to get a deal what has to give? Easy. Rather than increase taxes the government can phase out deductions.

Read more: http://brucekrasting.blogspot.com/2011/07/trillion-of-revenue-is-on-plate.html#ixzz1Se91PIoz
Bruce Krasting has a list of the deductions that you could lose.