Repug euphemism du jour for insane tax cuts: "Simplify the tax code"

[marmar]

By Robert Schroeder, MarketWatch


WASHINGTON (MarketWatch) — The 12-member “super committee” tasked with cutting the U.S. budget deficit has a “great opportunity” to simplify the tax code, Sen. Pat Toomey says. What it won’t do, if the Pennsylvania Republican gets his way, is spend any government money in an attempt to boost economic growth.

Spending, the former Club for Growth president said in a phone interview with MarketWatch, is “an artificial way that the government tries to conjure up demand.” That philosophy puts the 49-year-old senator on a collision course with Democrats including President Barack Obama, who suggest that there should be more infrastructure investment. (Democrats are also angling for certain tax cuts, like an extended payroll-tax holiday.)

The bipartisan panel, set up by the deal to raise the U.S. debt ceiling, is charged with coming up with $1.5 trillion in spending cuts by Nov. 23. Toomey, who calls the tea-party movement “very, very constructive” in U.S. politics, said his goals for the committee are significant deficit reduction, and pro-growth policies. ..............(more)

The complete piece is at: http://www.marketwatch.com/story/super-committee-republican-simplify-taxes-2011-08-20?link=MW_home_latest_news

[mysuzuki2]

1. Fine, let's simplify the tax code.

get rid of the tax deductions and loopholes for the wealthy and for corporations.