Your preferences will be different. So will the supercommittee's. But it doesn't matter. What's important is to make choices that are deep, radical and revenue-neutral.
- True tax reform that removes loopholes while lowering tax rates is the Holy Grail of social policy
- Every dollar of revenue raised by stripping out a loophole is to be returned to the citizenry in the form of lower tax rates.
- Boehner was willing to increase revenues by $800 billion. Obama was reputedly ready to raise the Medicare age and change the Social Security cost-of-living formula.
- It can be done. In three months. In three stages.
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