Could this be a part of a larger strategy?
Reader comment on: Camp's Plan
Submitted by Bill (United States), Feb 27, 2014 17:26
Think about this: in 2016, the Republicans win both the Senate and the White House. The new President then makes the Camp plan one of his initiatives within the first 100 days of taking office. In that kind of political environment, you could convince some Democrats in Congress to vote for it, given its still high cap gain rates and remaining loopholes. THEN, at the mid-terms (and after the plan has had time to take effect, and its' benefits appear) you spring the REST of the trap on the Democrats - you significantly lower (or eliminate) the cap gain taxes and penalties, make the whole plan more family-friendly, and clear out ALL remaining loopholes. Doing that will pretty much insure a 2nd term for anyone sitting in the White House at that point - because between doing this plan, and overturning Obamacare, the economy will be so much better that it would be the PERFECT time to flesh out complete tax reform ...and make it VERY difficult for succeeding Democratic administrations to uproot it. If you think of it that way, instead of a "we want it all at once" strategy, it has a much better chance of happening. Camp's plan can bring immediate relief to the lower and middle classes; let the wealthy hang on a little bit longer, so that Republicans can gain all of the political and economic advantages 1st in order to base their further changes on.
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