Friday, October 26, 2007
Charlie Rangel is subversive
If you look at his tax reorganization, the only conclusion you can draw is that he is out to upset the entire Republican applecart.
Right on, Charlie!
Setting the stage for a bitter election-year battle over the direction of U.S. tax policy, the House's chief tax writer yesterday unveiled a broad proposal that includes repealing the alternative minimum tax as well as reducing taxes on an estimated 91 million mostly lower- and middle-income Americans while raising them for many in the upper income brackets.Imagine that, letting the people who make the most money pay the most tax! No wonder the Republicans are trying to call it a tax hike.
The plan would not change the amount of revenue collected, according to the staff of the Joint Tax Committee, but it would alter existing law to shift $1 trillion of the tax burden over 10 years.
Right on, Charlie!
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