Letter: Back to the future
With only a couple weeks left before “sequestration,” House Speaker John Boehner is bombastically digging in his heels, demanding spending cuts and no new revenues.
This, after $1.7 trillion in spending cuts last year, the federal deficit on the decrease three years in a row and $737 billion in “old” revenue returning to U.S. Treasury cash flow this year. (Psst! I think Boehner, Paul Ryan and Senate Minority Leader Mitch McConnell still want to steal our Social Security.)
I have a better resolution. If the White House and Congress have not come to a “balanced approach” to budget resolution by Feb. 22, I suggest they pass a law dumping present tax code immediately replacing it with 1986 tax code.