It is finally Put up or shut up time for those politicians who have proclaimed but never proved that they could dent the federal deficit by closing tax loopholes and ending tax deductions.
Their contribution to the fiscal cliff negotiations should be a full public listing of all the loopholes and deductions they would eliminate, complete with the amount that each closing would save and the identity of the group that would have to pay that amount.
Only such disclosure will tell us whether this approach can provide significant savings and who will be affected. The surprise may be the extent to which the burden will fall on families with middle and lower incomes.
By avoiding details during the recent campaigns, some politicians tried to leave the impression that closing loopholes offered an effective and painless solution. We need the truth now.
GORDON E. WALTER Fort Wayne