"Liberals could have had a revenue increase of $3.7 trillion over 10 years. Instead, they surrendered nearly $3.1 trillion of that. They cannot have repeated bites at this apple. They cannot now increase government revenue as a share of gross domestic product through tax reform because Republicans insist that the Taxpayer Relief Act closed the revenue question. And because tax reform is dead for the foreseeable future, so are hopes for a revenue surge produced by vigorous economic growth.
"No numerate person thinks that today's entitlement state, let alone the steady expansion of it that is liberalism's aspiration, can be funded by taxing the income of the 0.7 percent of taxpayers whose rates were just raised. Or the 2 percent whose rates would have been raised had liberals and their president simply allowed the automatic increase of rates for individuals earning more than $200,000 and couples earning more than $250,000."
http://www.washingtonpost.com/opinions/george-f-will-time-for-a-balanced-budget-amendment/2013/01/09/6ecf85ec-59d5-11e2-9fa9-5fbdc9530eb9_story.html
"No numerate person thinks that today's entitlement state, let alone the steady expansion of it that is liberalism's aspiration, can be funded by taxing the income of the 0.7 percent of taxpayers whose rates were just raised. Or the 2 percent whose rates would have been raised had liberals and their president simply allowed the automatic increase of rates for individuals earning more than $200,000 and couples earning more than $250,000."
http://www.washingtonpost.com/opinions/george-f-will-time-for-a-balanced-budget-amendment/2013/01/09/6ecf85ec-59d5-11e2-9fa9-5fbdc9530eb9_story.html
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