Bipartisan Policy Center’s “SAVEGO” Is a Free Pass to Tax Hikes

Curtis Dubay / April 22, 2011

It seems everyone except President Obama is presenting a detailed plan for dealing with our nation’s rapidly growing debt these days. The latest entry comes from the Bipartisan Policy Council.

One feature of their plan, “SAVEGO,” calls for automatic spending cuts and higher taxes should Congress not reduce the debt to a predetermined share of the nation’s economy by 2021.

So, if Congress fails to make necessary spending cuts, or the President vetoes them, the Treasury Secretary would raise tax rates and reduce tax deductions. This is in essence a free pass for the President or Congress to hike taxes without casting a single vote.

SAVEGO would let Congress off the hook, because it allows them to tell voters that the tax hikes were not the result of their decisions. (more…)