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	<title>Comments on: Raise revenue without raising taxes?</title>
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		<title>By: vjp</title>
		<link>http://blog.vivianpaige.com/2010/09/02/raise-revenue-without-raising-taxes/comment-page-1/#comment-167278</link>
		<dc:creator><![CDATA[vjp]]></dc:creator>
		<pubDate>Fri, 03 Sep 2010 14:09:31 +0000</pubDate>
		<guid isPermaLink="false">http://blog.vivianpaige.com/?p=13394#comment-167278</guid>
		<description><![CDATA[Good points.]]></description>
		<content:encoded><![CDATA[<p>Good points.</p>
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		<title>By: vjp</title>
		<link>http://blog.vivianpaige.com/2010/09/02/raise-revenue-without-raising-taxes/comment-page-1/#comment-167277</link>
		<dc:creator><![CDATA[vjp]]></dc:creator>
		<pubDate>Fri, 03 Sep 2010 14:08:25 +0000</pubDate>
		<guid isPermaLink="false">http://blog.vivianpaige.com/?p=13394#comment-167277</guid>
		<description><![CDATA[Um, itemized deductions have nothing to do with businesses.]]></description>
		<content:encoded><![CDATA[<p>Um, itemized deductions have nothing to do with businesses.</p>
]]></content:encoded>
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	<item>
		<title>By: warren</title>
		<link>http://blog.vivianpaige.com/2010/09/02/raise-revenue-without-raising-taxes/comment-page-1/#comment-167276</link>
		<dc:creator><![CDATA[warren]]></dc:creator>
		<pubDate>Fri, 03 Sep 2010 13:22:01 +0000</pubDate>
		<guid isPermaLink="false">http://blog.vivianpaige.com/?p=13394#comment-167276</guid>
		<description><![CDATA[ITEP may call itself &quot;non-partisan,&quot; but the organization&#039;s misuse of the word &quot;fair,&quot; and referring to itemized deductions as &quot;tax giveaways,&quot; clearly indicate it&#039;s leftward tilt.

I challenge anyone to get a dictionary definition of the word &quot;fair,&quot; and to explain how any of the proposed changes fit that definition.

Now to examine each proposal.

Option 1 -- Repealing itemized deductions and increasing the Standard Deduction by 180%.

I have no problem with that.  It is simple and impartial.

Option 2 -- Capping the value of itemized deductions.

I do have a problem with that.  That would be showing favoritism in the tax code.  However, I have no problem with capping or eliminating the mortgage interest deduction.  It does nothing but increase the price of housing, and encourage people to take our larger loans.

Gambling losses are also NOT deductible already, and that is good.

Medical expenses are only deductible to the extent that they exceed 7.5% of one&#039;s AGI, so that moves farther out of range as one&#039;s income increases.

Option 3 -- Converting itemized deductions to credits, with the credit value set at 4.35%

No.  Why should one be taxed on money he does not have?  If you give away $100 to charity, you still get taxed $2.15 on it?  Now, if they want to set that credit at or above the maximum tax rate, I would have no problem with the idea.

Option 4 -- Enacting stand-alone phaseouts

Again, that is showing favoritism, so I am against it.

Option 5 -- Decoupling from Federal Pease repeal

See #4 -- it&#039;s the same thing.  Allowing deductions for some people but not for others shows favoritism.]]></description>
		<content:encoded><![CDATA[<p>ITEP may call itself &#8220;non-partisan,&#8221; but the organization&#8217;s misuse of the word &#8220;fair,&#8221; and referring to itemized deductions as &#8220;tax giveaways,&#8221; clearly indicate it&#8217;s leftward tilt.</p>
<p>I challenge anyone to get a dictionary definition of the word &#8220;fair,&#8221; and to explain how any of the proposed changes fit that definition.</p>
<p>Now to examine each proposal.</p>
<p>Option 1 &#8212; Repealing itemized deductions and increasing the Standard Deduction by 180%.</p>
<p>I have no problem with that.  It is simple and impartial.</p>
<p>Option 2 &#8212; Capping the value of itemized deductions.</p>
<p>I do have a problem with that.  That would be showing favoritism in the tax code.  However, I have no problem with capping or eliminating the mortgage interest deduction.  It does nothing but increase the price of housing, and encourage people to take our larger loans.</p>
<p>Gambling losses are also NOT deductible already, and that is good.</p>
<p>Medical expenses are only deductible to the extent that they exceed 7.5% of one&#8217;s AGI, so that moves farther out of range as one&#8217;s income increases.</p>
<p>Option 3 &#8212; Converting itemized deductions to credits, with the credit value set at 4.35%</p>
<p>No.  Why should one be taxed on money he does not have?  If you give away $100 to charity, you still get taxed $2.15 on it?  Now, if they want to set that credit at or above the maximum tax rate, I would have no problem with the idea.</p>
<p>Option 4 &#8212; Enacting stand-alone phaseouts</p>
<p>Again, that is showing favoritism, so I am against it.</p>
<p>Option 5 &#8212; Decoupling from Federal Pease repeal</p>
<p>See #4 &#8212; it&#8217;s the same thing.  Allowing deductions for some people but not for others shows favoritism.</p>
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		<title>By: J. Tyler Ballance</title>
		<link>http://blog.vivianpaige.com/2010/09/02/raise-revenue-without-raising-taxes/comment-page-1/#comment-167272</link>
		<dc:creator><![CDATA[J. Tyler Ballance]]></dc:creator>
		<pubDate>Fri, 03 Sep 2010 04:08:04 +0000</pubDate>
		<guid isPermaLink="false">http://blog.vivianpaige.com/?p=13394#comment-167272</guid>
		<description><![CDATA[Eliminating or capping itemized deductions could reduce the incentives for some businesses to invest in new equipment and training programs.

I am always for objective examinations of revising our tax structure, especially if those revisions can be shown to stimulate the creation and retention of jobs here in Virginia.

If our government decides to tinker with the tax code, they should focus on providing incentives that will restore our strategic manufacturing base, point us toward energy independence and ensure that we are creating: Jobs, JOBS and more JOBS!]]></description>
		<content:encoded><![CDATA[<p>Eliminating or capping itemized deductions could reduce the incentives for some businesses to invest in new equipment and training programs.</p>
<p>I am always for objective examinations of revising our tax structure, especially if those revisions can be shown to stimulate the creation and retention of jobs here in Virginia.</p>
<p>If our government decides to tinker with the tax code, they should focus on providing incentives that will restore our strategic manufacturing base, point us toward energy independence and ensure that we are creating: Jobs, JOBS and more JOBS!</p>
]]></content:encoded>
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	<item>
		<title>By: Silence Dogood</title>
		<link>http://blog.vivianpaige.com/2010/09/02/raise-revenue-without-raising-taxes/comment-page-1/#comment-167266</link>
		<dc:creator><![CDATA[Silence Dogood]]></dc:creator>
		<pubDate>Thu, 02 Sep 2010 21:40:01 +0000</pubDate>
		<guid isPermaLink="false">http://blog.vivianpaige.com/?p=13394#comment-167266</guid>
		<description><![CDATA[The idea behind the semantics of it all seems to be about increasing revenue (and narrowing budget deficits) in a politically more-palatable manner than adjusting the actual tax rate.

I think the comments here illustrate how that&#039;s a bit of a pipe dream.  Letting a tax cut expire at a the end deadline codified by law is now considered akin to raising taxes.  It&#039;s not just considered tantamount to -- it&#039;s considered the literal equivalent.  

At some point during the second four year frame of the George W. Bush Administration people started talking about meddling with entitlements like social security and taxes became the new third rail in politics.]]></description>
		<content:encoded><![CDATA[<p>The idea behind the semantics of it all seems to be about increasing revenue (and narrowing budget deficits) in a politically more-palatable manner than adjusting the actual tax rate.</p>
<p>I think the comments here illustrate how that&#8217;s a bit of a pipe dream.  Letting a tax cut expire at a the end deadline codified by law is now considered akin to raising taxes.  It&#8217;s not just considered tantamount to &#8212; it&#8217;s considered the literal equivalent.  </p>
<p>At some point during the second four year frame of the George W. Bush Administration people started talking about meddling with entitlements like social security and taxes became the new third rail in politics.</p>
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	<item>
		<title>By: Doug Knack</title>
		<link>http://blog.vivianpaige.com/2010/09/02/raise-revenue-without-raising-taxes/comment-page-1/#comment-167261</link>
		<dc:creator><![CDATA[Doug Knack]]></dc:creator>
		<pubDate>Thu, 02 Sep 2010 17:53:29 +0000</pubDate>
		<guid isPermaLink="false">http://blog.vivianpaige.com/?p=13394#comment-167261</guid>
		<description><![CDATA[Think Bert&#039;s point is correct.  If you are increasing revenue, someone is paying more.  We always hope it is not us, but sometimes it is.

Based on these scenarios, I would pay more, not a lot, and my thought is it would be worth the amount to solve the issues. At least if the issues solved are the issues I want solved. But, I still pay more.]]></description>
		<content:encoded><![CDATA[<p>Think Bert&#8217;s point is correct.  If you are increasing revenue, someone is paying more.  We always hope it is not us, but sometimes it is.</p>
<p>Based on these scenarios, I would pay more, not a lot, and my thought is it would be worth the amount to solve the issues. At least if the issues solved are the issues I want solved. But, I still pay more.</p>
]]></content:encoded>
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	<item>
		<title>By: vjp</title>
		<link>http://blog.vivianpaige.com/2010/09/02/raise-revenue-without-raising-taxes/comment-page-1/#comment-167260</link>
		<dc:creator><![CDATA[vjp]]></dc:creator>
		<pubDate>Thu, 02 Sep 2010 17:40:25 +0000</pubDate>
		<guid isPermaLink="false">http://blog.vivianpaige.com/?p=13394#comment-167260</guid>
		<description><![CDATA[Um, you must not have read the proposals. If the standard deduction is greater than your current itemized deductions, then it doesn&#039;t raise your taxes, it lowers them.]]></description>
		<content:encoded><![CDATA[<p>Um, you must not have read the proposals. If the standard deduction is greater than your current itemized deductions, then it doesn&#8217;t raise your taxes, it lowers them.</p>
]]></content:encoded>
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	<item>
		<title>By: Bert Berlin</title>
		<link>http://blog.vivianpaige.com/2010/09/02/raise-revenue-without-raising-taxes/comment-page-1/#comment-167258</link>
		<dc:creator><![CDATA[Bert Berlin]]></dc:creator>
		<pubDate>Thu, 02 Sep 2010 14:27:01 +0000</pubDate>
		<guid isPermaLink="false">http://blog.vivianpaige.com/?p=13394#comment-167258</guid>
		<description><![CDATA[The ITEP has grown horns. All of these proposals raise taxes on some taxpayers. If you cap the amount I can deduct, you have raised my taxes. There ain&#039;t no such thing as a free lunch.]]></description>
		<content:encoded><![CDATA[<p>The ITEP has grown horns. All of these proposals raise taxes on some taxpayers. If you cap the amount I can deduct, you have raised my taxes. There ain&#8217;t no such thing as a free lunch.</p>
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