Gang of Six Debt Plan Manages to Both Raise and Lower Taxes


It all depends on whether the tax reforms in the Gang of Six plan are compared to current tax law as is, or tax law as it might be expected to change in the future. (For example, you can assume the Bush tax cuts will expire in 2012, or you can assume Congress will renew them.) You geniuses. You goddamn beautiful geniuses. [WSJ]