March 5, 2007

EVER...:

Democrats seek tax perks for slices of middle class: But how will they pay for the bevy of credits and deductions? (Joel Havemann and Molly Hennessy-Fiske, March 5, 2007, LA Times)

After years of complaining that Republicans were cluttering the tax code with provisions that enriched the wealthy, leading Democrats in Congress now want to add tax credits and deductions to benefit narrow groups of largely middle-class constituents. [...]

All these goodies raise questions about how the Democrats can give away tax revenue while keeping their pledge not to deepen the government's deficit.

"A lot of these provisions may be well-intentioned," said Leonard Burman of the Tax Policy Center, a nonpartisan think tank. "But they drain the government of precious resources," thus aggravating the deficit or forcing Congress to raise taxes on everybody else, he said.


The problem for Democrats is that the GOP will help them cut taxes.

Posted by Orrin Judd at March 5, 2007 7:45 AM
Comments

Anyone who speaks about "draining the government of precious resources" is most definitely not non-partisan.

Posted by: jim hamlen at March 5, 2007 10:06 AM

Can anyone tell me what 'middle class' is to a Democrat? I find it one of life's greatest mysteries.

Posted by: BJW at March 5, 2007 10:46 AM

$120K/yr.

Posted by: Sandy P at March 5, 2007 12:55 PM

Middle class is whatever the dems want it to be. Sandy's probably right about where they want it now.

Posted by: erp at March 5, 2007 1:15 PM

These daily doses will soon have OJ's headlines reduced to:

E...:

But we "insiders" will still get the joke.

Posted by: JR at March 5, 2007 1:55 PM
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