The leaders delivered the offer to the White House on Monday with a three-page letter signed by Speaker John Boehner (R-Ohio), Majority Leader Eric Cantor (R-Va.), and four other senior Republicans, including Rep. Paul Ryan (R-Wis.).
How do the Republicans propose to increase tax revenue:
"...through pro-growth tax reform that closes special interest loopholes and deductions while lowering rates."
Points to consider:
A. There is no such thing as "pro-growth tax reform." Joe Salerno put it best:
...as if there existed an optimal pattern of coercive redistribution of income from productive, private taxpayers to parasitic, political tax-consumers that was neutral to the market.B. Loopholes are good for the economy, or as Ludwig von Mises put it, “Capitalism breathes through those loopholes.” The last thing you want to do is close loopholes, if you have any appreciation of the fact that taxes suffocate the economy.