THE REPUBLICANS ARE ATTACKING THE PAY-AS-YOU-GO RULES, AGAIN
The Republican leadership had a news conference yesterday in which they all attacked "pay-go", as it is called, as some sort of formula for spending and tax growth, rather than fiscal responsibility.
They are trying to spin pay-go as a tax-and-spend formulation!
If I was running the Dem attack machine, this would be like gifts on a plate, for them to do such a thing while the Party is scrambling to re-cover from its profligate ways.
BADLY WRITTEN TAX LAW
Back when it was written into the code, the AMT (alternative minimum tax) should have been indexed. In fact, it would be a good idea to get two or three indexing formulas and replace most of the dollar values written into the tax code with indexed values, quite possibly.
Instead, time passes and soon the tax is applying in ways it wasn't supposed to and this provides an impetus, a gripe, a causus belli, for the Republicans to undue what has been done.
Thursday, November 15, 2007
Bad Tax Law Equals Perpetual Waste of Time
