The Corner

A Hunch

To me this is the key paragraph amid all the reports of a secret Boehner/Obama deal:

“The Congressional leaders, whose help Mr. Obama would need to bring a compromise forward, were told that the new revenue tied to the looming agreement to increase the debt limit by Aug. 2 would be produced in 2012 through a tax code rewrite that would lower individual and corporate rates, close loopholes, end tax breaks and make other adjustments to produce revenue gains.”

My hunch is that what this means is a sort of Gang of Six solution in reverse: instead of specific tax hikes and vague promises for future spending cuts, what we could be looking at is a bill that creates a bipartisan commission to look at the tax code, instructs congressional committees to report out bills that address loophole x by date y, creates streamlined procedures for considering and voting on such proposals, and etc.

If that hunch is right, it represents a big win, as it will more or less make the tax hike caucus just as angry as Gang of Six made conservatives. Whether the cuts in such a deal would be real cuts is, of course, an entirely different question.

Most Popular

Film & TV

Bowing Down to Obama

‘How can we miss you when you won’t go away?” political podcaster Yvette Carnell joked two years ago when Barack Obama began his comeback tour by making sideline pronouncements about the state of the nation after his brief retirement. Now the comeback is official, with two new Kool-Aid-drinker Obama ... Read More
Film & TV

Bowing Down to Obama

‘How can we miss you when you won’t go away?” political podcaster Yvette Carnell joked two years ago when Barack Obama began his comeback tour by making sideline pronouncements about the state of the nation after his brief retirement. Now the comeback is official, with two new Kool-Aid-drinker Obama ... Read More
Economy & Business

Shopping Superstitions

It’s the boss-bossiest time of the year, when Americans getting ready to open up their wallets to buy Christmas presents are lectured by illiterate halfwits about where and how to spend their money. The usual demands: Buy local, or buy from small businesses. This is pure nonsense, and you should feel free to ... Read More
Economy & Business

Shopping Superstitions

It’s the boss-bossiest time of the year, when Americans getting ready to open up their wallets to buy Christmas presents are lectured by illiterate halfwits about where and how to spend their money. The usual demands: Buy local, or buy from small businesses. This is pure nonsense, and you should feel free to ... Read More
Media

Wajahat Ali, Ctd.

I gather he didn’t like my comment on his New York Times op-ed on the folly of reaching out to Trump supporters. He snipes, “I await The National Review’s piece on reaching out to Biden voters and reading about their ‘elegy’ and understanding their ‘economic anxiety.’” After the 2016 election, ... Read More
Media

Wajahat Ali, Ctd.

I gather he didn’t like my comment on his New York Times op-ed on the folly of reaching out to Trump supporters. He snipes, “I await The National Review’s piece on reaching out to Biden voters and reading about their ‘elegy’ and understanding their ‘economic anxiety.’” After the 2016 election, ... Read More
World

A Moveable Feast?

Last week a unique but apposite tribute was paid in Budapest to the late Sir Roger Scruton, the distinguished Tory philosopher who died earlier this year: A café was opened in his name. It goes under the designer label “Scruton—The Place to be” and is situated three blocks from the Hungarian Parliament at ... Read More
World

A Moveable Feast?

Last week a unique but apposite tribute was paid in Budapest to the late Sir Roger Scruton, the distinguished Tory philosopher who died earlier this year: A café was opened in his name. It goes under the designer label “Scruton—The Place to be” and is situated three blocks from the Hungarian Parliament at ... Read More