Et Tu, Toomey?
Toomey is apparently pushing a plan designed to raise taxes by eliminating or capping deductions in favor of reducing tax rates. The desired result, according to sources, is to raise taxes on wealthier Americans and reduce them further on lower class Americans. Unfortunately it appears that even the GOP is agreeing with Obama that we have a revenue problem and not simply a runaway spending problem. If so, it's extremely unfortunate. (And certainly won't help the housing situation either as owning homes will not be advantageous.)
Oh, and if the Super Committee is successful, it will merely increase the debt from $15 trillion today to $23 trillion in 10 years rather than CBO's estimate of $24.2 trillion. And that is if they are "successful."