Tax Law

Something Impossible Is Going to Happen

Raise the social security retirement age and start scaling back benefits for high-income recipients. That’s impossible.

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Scale back the size of the military and end the U.S. role as policeman to the world. That’s impossible.

Impose a broad-based carbon tax that will raise much needed revenue and increase our energy security. That’s impossible.

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Save revenue and help cap the growth in medical spending by limiting the exclusion for employer-provided health care. That’s impossible.

Stop nurturing the unproductive and bubble-prone housing sector and limit the deduction for mortgage interest. That’s impossible.

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Know that by not taking relatively small steps now you have contributed to the massive decline in the well-being of your children and grandchildren who have too little education, too little productive capital, and too much debt. That’s impossible.

 

 

View TaxAnalysts' Martin A. Sullivan's opinion in its entirety on TAX.com

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