Schakowsky’s Lack of Principle

Rep. Jan Schakowsky (D., Ill.) has come out with her own alternative to the Bowles-Simpson deficit-reduction plan. Under the Schakowsky plan, two-thirds of the deficit reduction would come from tax increases that fall exclusively on businesses, capital, and people making over $100,000 a year. One-quarter would come from defense-spending cuts. Four percent would come from an enlarged role for government in health care accompanied by the increased use of price controls in that sector. Two percent would come from shrinking (but not eliminating) mandatory farm-subsidy programs. And the remaining 2 percent would come from non-defense discretionary cuts. #ad#I think it’s fair
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