Thursday, Jan. 10, 2013 | 2:02 a.m.
Now that the “fiscal cliff” legislation has passed, increased taxes on those making more than $400,000 are in place, right now; not tomorrow, not in 10 years; not phased in over time, but right now. Good. I would have supported even higher taxes on more Americans.
Let’s contrast the revenue increase with the other half of the so-called balanced approach. The spending cut piece is made up of proposals and plans — few if any of which start now. This leaves plenty of time to do what is always done, which is to find ways to not implement the cuts.
Americans say the out-of-control spending scares them. If it really does, they must demand that reduced spending is treated exactly like increased revenue. Both have to start immediately! No more starting the revenue piece immediately and the spending reduction piece later.
Baseline budgeting must also end. Reducing a 5 percent increase in spending to a 3 percent increase is not a cut. It is a smaller increase. This type of farcical accounting must stop.