Sunday, April 16, 2006

Bush - he can't even cut taxes

Bush's single claim to fame is "tax cutter". He can't even do that properly:
With Tax Break Expired, Middle Class Faces a Greater Burden for 2006 - New York Times

...The A.M.T. will cost Americans who earn $50,000 to $200,000 nearly $13 billion more next April. That is about how much people who earn more than $1 million will save because of the break on investment income like dividends and capital gains. Both figures were provided by the Tax Policy Center, which is a joint project of the Brookings Institution and the Urban Institute.
It's as though Bush were running an IQ test on his voters. So far they're failing.

Ironically the AMT somewhat resembles the tax reform we need. It removes a lot of exemptions, if it were the only tax our returns would be simpler.

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