I was just watching the news about the craziness surrounding the Petraeus debacle, and it keeps getting more and more crazy. I cannot pretend to understand what in hell is going on, except for the undenyable fact that men who exercise power have a hard time keeping their dicks in their pants. Is that why Mitt Romney lost? Not enough testosterone?
Anyway, this morning's Times confirmed that I'm not the only one thinking that Mitt Romney's idea for a cap on deductions and credits, as mentioned in my previous post, is not such a bad idea. Needless to say, the cap being considered is more than twice what I (and Romney, at least once) had in mind — $35,000.
So who's against it? Well, according to the Times, universities and other major recipients of charitable contributions. Needless to say, they want exemptions, and they'll probably get them — and that makes the whole idea useless. The biggest beneficiaries, I'd guess, would be religious organizations — the Catholics, the Baptists, the Mormons, the Jews, the Muslims, the Scientologists, and all the other well intentioned scam artists currently enjoying tax favoritism — oh! and let's not forget 501(c)(3) organizations like Crossroads GPS.
Anyway, I guess we'll all just be distracted for a while by the escapades of generals and their lady friends. Obama met with union and progressive leaders today. Are they happy? I doubt it. Tomorrow he meets with corporate big shots. Will they be happy?
I sure as hell hope not.
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