Thursday, December 20, 2007

Democrats as slow and hypocritical tax-cutters

What an odd combo...

The Democratic House voted to reduce income taxes on some in the middle- and upper-middle income classes-- by freezing the growth of the Alternative Minimum Tax. (GOOD) But they did it so slowly that it messes up the IRS timetable for producing its forms. (BAD) And it did so by dismissing its campaign promises to observe "paygo" rules-- matching tax cuts with tax increases elsewhere. (UGLY...sort of)

Click here for a newspaper article and a WSJ editorial along with my commentary...

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