The 50 percent solution; How we can get the fiscal Holy Grail — tax and entitlement reform all at once

Charles Krauthammer;  ….“Republicans are adamantly opposed. No more revenues, Mr. President. You got your tax hike on Jan. 1.

“Is there a solution? Yes: tax reform with a twist.

“The problem begins with definitions. By tax reform, Obama means eliminating deductions, exclusions, credits of various kinds with all the money going to the Treasury.

“That’s radically new. The historic 1986 Reagan-O’Neill tax reform closed loopholes with no extra money going to the Treasury. The new revenue went directly back to the citizenry in the form of lower tax rates.”….