Re: “John Boehner strong on ideology but weak on reality” (TNT, 5-11).
Boehner still does not get it. He spreads the myth that increased income taxes do not reduce the deficit.
Just 11 years ago, before the George W. Bush years, we had higher income tax rates and the deficit was reduced to only $18 billion in fiscal 2000. (It was called a surplus, but the national debt still increased by $18 billion.)
The Bush tax cuts went into effect a short time later, and income from personal income taxes dropped by $200 billion the next year.
So doesn’t it make sense to immeadiately rescind the Bush tax cuts which never should have been renewed after 10 years with the deficit we had at that time? It appears that they have been responsible for $2 trillion worth of borrowing.