CNNW Fareed Zakaria GPS November 18, 2012
Now that president obama has won reelection, the debate in washington has shifted from whether we should raise taxes to how and by how much. This makes sense. With a deficit over a trillion dollars, we will need a combination of increased tax revenues and spending cuts. The president and his allies including robert rubin have made the case that eliminating deductions simply will not get you enough money. You will actually have to raise tax rates. Thats probably true as well. But lets not give up entirely on the issue of deductions and all those other hidden subsidies that the simpsonbowles rep...