Republicans propose saving $200 billion over 10 years by closing loopholes for the rich and super-rich. Democrats also propose closing loopholes.
Never gonna happen. Here’s why: When one loophole for the rich and super-rich is closed, these folks have lawyers and accountants who will figure out a way to get around the closed loophole and create, guess what? — another loophole.
In essence, loopholes for the rich and super-rich are never closed. They simply show up in another form. Will we save $200 billion by closing loopholes?