Offshore thing: an easy way to slash the deficit and still finance social outlay: go after the $300 billion in taxes that aren't collected each year. Unfortunately, the Bush administration won't.

George W. Bush seems to have the Democrats fiscally stymied. They can try to rescind most of his tax cuts, but as responsible fiscal stewards they would need that money to close his huge deficits--and could forget about addressing public needs. Alternatively, they could try to restore social outlay and take a lot of heat for being irresponsible about the deficit.

In fact, there's another, far better option that almost nobody mentions: collecting the hundreds of billions of dollars that the taxman leaves on the table. According to estimates from former Internal Revenue Service ...

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