December 19, 2007

IT WOULDN'T BE ANOTHER YEAR OF W WITHOUT A TAX CUT:

House drops Democrats' guidelines to pass minimum tax relief (Noam N. Levey and Jonathan Peterson, 12/19/07, Los Angeles Times)

House lawmakers today agreed to spare more than 20 million taxpayers from the alternative minimum tax this year, bowing to Republican demands that the $50 billion in tax relief not be offset with any other tax increases.

On the last day of legislative business this year, the House voted 352-64 to "patch" the so-called AMT, ensuring that millions of middle-class households -- some with incomes as low as $75,000 -- will be sheltered from the bite of the AMT.

The bill, which the Senate has already approved, is expected to be signed by the president.


Like the Patriots, W is really just running up the score as the greatest tax cutter in history.

Posted by Orrin Judd at December 19, 2007 7:22 PM
Comments

That's some quagmire Pelosi and Reid have embroiled the Democrats in.

It was so obvious to anyone with a brain how this was all going to play out and then add on top of that the criminal mismanagement of the whole thing and you pretty much have the worst thing to ever happen to the Republic ever in like all of history.

BRING OUR BOYS HOME!!!!!!

Posted by: Benny at December 19, 2007 9:18 PM

You've got to pity the Dems - they can't even claim that balancing the budget is so important that taxes must be raised.

Posted by: jim hamlen at December 20, 2007 1:26 AM

Forcing a 'Crat Congress to cut taxes is just degrading. If this were the NFL, it would get an unsportsmanlike conduct penalty.

But since it's real life, I think I'll just laugh.

Posted by: Bob Hawkins at December 20, 2007 1:55 PM
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