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The simpson bowles plan, which people now seem to like, and particularly on the right are waking up, their baseline assumed that the bush tax cuts for those making above $250,000 would go away. that was their baseline assumption. when you hear lindsey graham saying i m ready to embrace that, he s saying for people above $250,000, your tax rates are going to go up. i think whatever happens, whether there s a little bargain, a grand bargain or no bargain at all, because of the shape of washington after the election, it s going to mean that the wealthy are going to pay more. whether they pay more because of a higher marginal rate or a higher average rate due to less deductions they can take, and that s going to be the first focus rather than cutting spending and cutting entit entitlements on day one. dan gross, thank you. happy to be here. as 44 million get set to ....
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