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Are like tax shift package some will pay more and some will pay less. government will collect the same amount of taxes. no one made phone calls for revenue neutral tax reform. send the money back to the people. that's a powerful argument. a lot of people don't like that and say the government needs the money to pay for everything. but that is a conservative arguments if you want to shrink washington, shrink the federal role, give it less money. >> tax reform is hard. it will be easier than health care. health care they were taking things away from people, certain benefits. this tax cut could r...

May be a three or four-year project. in kansas the governor and the legislature are committed to getting rid of the income tax and doing it overtime. they couldn't do it in year. it takes a few years. they have a big plan. they are getting rid of the tax shift with the cut. there was a discussion now in wisconsin as well. the 25 states that have the republican governor in both houses republican. almost all of those from florida to texas and on cutting taxes in some way. there 13 states and the democrat like massachusetts. california, illinois, they are all raising taxes. income taxes and sales...

But that is what it actually is. the actual definition of base broadening tax reform that is emerging in the ongoing fiscal cliff negotiation says tax reform that limits itemized deductions among high taxpayers. that is a very boring sentence. do not be bored. this is important. here is what it actually means. as former budget director poi pointed out in a bloomberg column, 90% of those itemized destructions for the rich is three categories. deductions paid for taxes paid, mostly state and local. home mortgage interest and charitable interest. look at each in turn. first, home mortgage deducti...

Deductions paid for taxes paid, mostly state and local. home mortgage interest and charitable interest. look at each in turn. first, home mortgage deduction. most economists will tell you cutting the home mortgage deduction particularly for rich people is a good idea. no real reason the tax code should subsidize the purchase of more mcmansions. i'm not mar particularly worried about that. second, state and local taxes paid. that's just a tax shift. instead of raising taxes on you by simply raising them on you, we raise them on you by making our state and local tax bill higher. it'll pound on h...

Special interest cuts. spending pushed by the governor. $48 million, for instance, here for health savings account taxes. that was a cut, which the group says primarily benefits the wealthy. this here. $67 million for a tax shift benefiting job creators saying will not work and $25 million for this here. for an economic development fund for jobs. all said, talking about a difference, i mentioned, of a quarter billion. now, if the governor is right, over $3 billion dollars is really the meat of the conversation here. that's how much under water they'll be for the next two years, he's saying. th...