The Imaginarium of Pat Toomey and Kevin Ferris
Today in the Inquirer, Kevin Ferris channels PA Senator Pat Toomey, who has been providing a Republican spin on the failure of the Super Committee. In the imagniarium of Pat Toomey and Kevin Ferris, the Senator courageously broke with fellow Republicans to propose a balanced, bi-partisan deal that would combine $450 million in tax increases along with $750 million in budget cuts to meet the Super Committee’s ten year goal. In rejecting this proposal, President Obama and the Democrats showed that they don’t truly want a balanced bipartisan solution to the deficit problem. This is what the proposal looks like when you take off the funny glasses. Toomey’s proposal would have raised revenue slightly—no more than $45 billion a year. But most of that increase would have come from the middle class not the rich. Toomey proposed to reduce the marginal tax rates for everyone by 20%. However, the absolute… Continue reading