re: #42 aagcobb

To be fair, the theory is that tax deductions distort the economy by encouraging behavior based on the tax code rather than economic efficiency. So if you eliminate deductions and lower marginal rates in a revenue neutral way, you create incentives for people to maximize their income, generating economic activity, rather than gaming the tax code.

Seems reasonable at first glance, but has that theory ever worked in the US?

And is Mitt’s rhetoric that he’s not cutting taxes on the rich something new? Or did I miss it before when he took that position?