Democrats view tax reform as starting from Clinton-era tax rates in 2013 on the upper-income and lowering tax rates back to Bush-era rates from 2012, in exchange for limiting deductions. In their view, that does not violate the tax-protection pledge signed by many Republicans and some Democrats, because tax rates are reduced in exchange for limiting tax deductions. Even controversial Grover Norquist agreed that reducing tax deductions in exchange for lower tax rates is not a violation.
Democrats view tax reform as starting from Clinton-era tax rates in 2013 on the upper-income and lowering tax rates back to Bush-era rates from 2012, in exchange for limiting deductions. In their view, that does not violate the tax-protection pledge signed by many Republicans and some Democrats, because tax rates are reduced in exchange for limiting tax deductions. Even controversial Grover Norquist agreed that reducing tax deductions in exchange for lower tax rates is not a violation.
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