The dividend and personalincome windfall from late last year may partly explain the healthy increase in consumer spending in January and February despite the big payroll-tax increase.
Of course, Fix The Debt while rejecting the idea of returning the tax rates for the upper 2 percent of Americans to the progressive rates of the Clinton era, thereby severely impacting on their personal capital gains and dividend income does appear prepared to support a proposal that would limit deductions as a way to raise revenue.