Alan Auerbach quoted in San Francisco Chronicle, October 16, 2012
“There’s a deeper problem, because if they preserve a lot of these middle-class deductions (like the mortgage tax deduction), and they also say they’re going to avoid lowering taxes and raising the deficit, and they’re also not going to raise taxes on savings as investment and capital gains,” Auerbach said, “then they’ve boxed themselves in such a way that they can’t meet all their objectives.”