The President finally got around to delivering the bill that he wanted passed last Thursday. In it we find that he pretty much delivered exactly like we all thought he would:
…the bulk of the plan –- $400 billion over 10 years — would be raised by limiting the itemized deductions, such as those for charitable contributions and other expenditures, that may be taken by individuals making more than $200,000 a year and families making over $250,000 a year. The rest would come from provisions affecting oil and gas companies, hedge funds, and the owners of corporate jets.
Nice. Innovation. Mr. President.