Skip to main content  A tax strategy that won't hurt  By Diane
Lim Rogers, Special to CNN   • Diane Lim Rogers: Neither side
proposes how to cut entitlement spending or raise revenues   •
Rogers suggests strict pay-as-you-go rules on any extension of
expiring tax cuts   • Also, she writes, tax rates could be
lowered by broadening the tax base   • Rogers: Identify ways to
raise revenue by reducing certain tax expenditures fairly
Editor's note: Diane Lim Rogers is chief economist at the
Concord Coalition, a nonpartisan organization advocating
responsible fiscal policy.  (CNN) -- President Obama has signed
into law a bill that raises the debt ceiling and cuts spending.
Democrats are reeling because revenue increases were not part of
the first round of the debt-limit deal. The initial roughly $1
trillion in deficit reduction over 10 years will come entirely
from caps on discretionary spending, both defense and domestic.
After months of contentious negotiations, it may appear that
Republicans won the debt battle