the President has agreed to double the standard deduction, but he is not going to double it for 10 years. It is going to take 10 years so one is going to get a little bit more next year and a little bit more the next year. Even though that is only one piece of the overall fix to this, he is going to string it out for 10 years. Why would he do that? Because it is going to have very little impact in this year's budget, and this is the last budget he is concerned about. He wants to spend that money. He does not want to give it back to the married couples of America. If one listened to the President the other night, it was issue after issue that he spent $20 billion, $30 billion, $10 billion. If I had had an adding machine, I am not so sure I would not have run out of paper because every time he switched gears it was another spending proposal and many people wondered what the figure would really be. Now, when he came to some issues, I was pleased to hear him talk about defense for the first time and defending this country, making it safe, but he did not give any numbers.
Editor's note · Context
Discussing the President's budget proposals and the impact on the standard deduction.
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