I think it is going to be a combination. I think we're going to see a broadening of the tax base to try to keep rates as low as possible. But there will be income tax increases for better-off people. There will be an increase in the taxable wage base cap for Social Security, but not the tax rate, and a vat probably dedicated to health care expansion, all three.
Discussing the types of tax increases that may be necessary to address the budget deficit.
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I believe that there is an opportunity that you can get administration support for something along these lines.
I think they'll reconcile. I mean, the fact is the Speaker has a role to play and oversee the convention and he has an obligation to support the Republican nominee whoever that is.
I think frankly what the president ought to think about doing with regard to the Affordable Care Act is that he ought to use executive powers to not enforce the penalties associated with the individual mandate for a year.
If the overhead was 25 percent lower in the Pentagon, we'd be 50 percent more productive.
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